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Bitcoin liquidity situation worsening; volatility expected to be enhanced

CoinSurges
By CoinSurges

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Quick Take

  • Order book depth continues to make new lows for Bitcoin; these are now 10-month lows, according to Kaiko.
  • A major ramification of an illiquid market can push direction in either way.
  • The banking crisis and closure of USD payment rails, crypto banks such as Silvergate and Signature Bank, could be a net benefit in the long run, as it could encourage more people to take self-custody of their Bitcoin when directly buying from an exchange.
Market Depth: (Source: Kaiko)
Market Depth: (Source: Kaiko)

The post Bitcoin liquidity situation worsening; volatility expected to be enhanced appeared first on CryptoSlate.

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