Market Liquidity Drops Over 50% Post-Sell-Off | Flash News Detail | Blockchain.News

Market Liquidity Drops Over 50% Post-Sell-Off

8/5/2024 5:02:13 PM

Market Liquidity Drops Over 50% Post-Sell-Off

According to @CCData_io, the recent sell-off in the cryptocurrency market has led to a significant shift in market liquidity. After a period of capitulation, the orderbook has changed greatly, with many buy-side orders either filled or pulled as prices declined. Liquidity for ETH and BTC hit $1.23 billion on July 29 but has since dropped over 50% to $612.44 million, marking a new low since October 2023. (Source)

ETH BTC liquidity market sell-off orderbook

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