The quantity of bids and asks within 2% of the mid-price for USD(T) pairs.
Order-book depth in the crypto market for Bitcoin and Ethereum hits new lows, even lower than the levels post-FTX collapse.
A major concern is an illiquid market that can have ramifications both to the upside and downside.
According to Kaiko, the market depth is now the lowest since the Terra collapse, which has dropped over 50% since October for both Bitcoin and Ethereum.
Market Depth: (Source: Kaiko)
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