Bitcoin is losing its liquidity
been a surprise winner of the banking blowout. Yet investors aiming to amp up their bets face an ominous obstacle: a lack of liquidity that could trigger wild price swings.
The slippage for a simulated $100 000 sell order has doubled in the past month, meaning the average price you get for each bitcoin is worse than a month ago, Kaiko said. Further crimping liquidity, Binance — the world’s most liquid crypto exchange — ended zero-fee trading for nearly all its bitcoin trading pairs last week, hitting market makers’ ability to charge higher fees for executing trades on the platform.
While most market participants expect new contenders to gradually emerge to perform the network functions of Silvergate and Signature, they say complete replacements are unlikely to pop up overnight.
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