Dwindling order book depth raises liquidity concerns in crypto markets - cyptoranking.com

2024-05-13

Popular crypto exchanges(2023 Update) 2024-05-13
Image: cyptoranking.com

The screenshot below shows that the Base TVL has increased by 24.73%, and it currently around $555 million. However, this picture doesn’t tell the complete story. On February 15, 2022, Binance officially announced its merger: Dwindling order book depth raises liquidity concerns in crypto marketsSome community members are speculating that there is a good chance that the deal was a wash trade. Previously, BeInCrypto explained: Data from monitoring resource CoinGlass showed negligible liquidations across both long and short BTC positions through Oct. 6. BTC liquidations chart (screenshot). Source: CoinGlassLack of lower BTC price levels “surprise”Monitoring resource Material Indicators meanwhile turned its attention to whale trading behavior over the course of the week.Related: Bitcoin bull market awaits as US faces ‘bear steepener’ — Arthur HayesDividing whales into volume-based cohorts, it showed different “classes” of whales making contradictory moves. Orders worth between $100,000 and $1 million — the class Material Indicators often says is the main driver of spot price action — have increased exposure, but failed to spark a broader uptrend.“This week, purple bought aggressively and sold the local top. They then stared buying dips for a NET +$13.8M in market orders on @binance over the last 7 days,” it explained.Data further showed other whales net selling to the tune of nearly $60 million over the same period.“We could speculate whether or not that’s part of the FTX liquidation,” Material Indicators added, referencing the potential liquidation of assets from defunct exchange FTX. “Doesn’t really matter who it is, but if there is any surprise, it’s not that price hasn’t gone higher…it’s that it didn’t go lower.”BTC/USD order book data for Binance with whale activity. Source: Material Indicators/XOn the topic of exchange-based setups, popular trading account Exitpump likewise spied a potential liquidity grab being prepared below $27,400.“Price always likes to do multiple kisses into resistance block forming a top,” part of recent analysis summarized.$BTC Possible run back to 28k. Good amount of bid liquidity below 27.4k on Binance spot orderbook.Price always likes to do multiple kisses into resistance block forming a top. pic.twitter.com/ZvUVEeqULY— exitpump (@exitpumpBTC) October 5, 2023

Exchange Rankings Crypto
Image: cyptoranking.com

According to the CEO of CryptoJungle, Ben Samocha, the group’s aim is to provide immediate aid: According to cybersecurity research firm Trend Micro, romantic scams are a common tactic among criminals, ranking among the top five scams of 2023. Even as AI tools like "LoveGPT" make headway into the world of online deception, it's still old-fashioned crypto scams that hold the lead. These digital currency deceptions have emerged as the most profitable scams of the year, even despite the volatile and speculative nature of crypto markets. What Is DeFi? Understanding Decentralized Finance-Forbes AdvisorCloud mining provides various benefits that make it an enticing alternative in the cryptocurrency world. Advantages of cloud mining include: Klaytn’s price at the time of writing was $0.1201, marking a 1.42% increment in the past 24 hours. That value placed Klaytn’s native coin, KLAY, as the fourth-highest gainer on CoinMarketCap during the said period. Klaytn has a $383.4 million market cap and is a project focused on the metaverse, gamefi, and the creator economy.

Given the potential that the ERC-6551 standard has brought to the market, we believe that more and more TBA accounts will be created in the coming months to provide users and developers with a dynamic crypto wallet for NFTs and other crypto assets. The subject of Finney’s 25-year old talk remains vexing today. Ethereum layer-2s are locked in an arms race building zero-knowledge proofs to scale the ecosystem. However, the efficacy of this technology is yet to be established. Implementing zero-knowledge proofs can be prohibitively costly or compromise security, rendering them inefficient and impractical. How to Buy Bitcoin in 2023 [PayPal, Cash & Credit Card]Fridman and Zuckerberg speaking as virtual avatars in the metaverse. Source: Lex Fridman Podcast. Blockchain data platform Chainalysis found that institutional investments (each exceeding $1 million in value) constituted more than 67% of cryptocurrency transactions in the federation of seven emirates between July 2022 and June 2023.

Bitget’s findings indicate that 51% of European users, 49% of Turkish users, and 46% of South Korean users allocated their investments within the range of $1,000 to $10,000. — Ali (@ali_charts) October 10, 2023 Comparing Crypto Fees Across ExchangesSince then, the altcoin has not been able to reclaim the $1,600 region. For ETH to rise to such levels, the Money Flow Index (MFI) has to be much more than it was at press time. At the time of writing, the MFI was 26.85. The merger of gaming and the metaverse is altering the digital world, providing immersive experiences, economic opportunities, and novel educational and entertainment solutions. The metaverse will expand into a multidimensional, decentralized environment with endless potential as technology advances and user adoption grows. The most recent discoveries in this field show that we are on the threshold of a new era in which the virtual and physical worlds intersect, resulting in a dynamic and interconnected metaverse that will continue to revolutionize how we live, work, and play.Gucci's Milan Fashion Week Show Debuts on Roblox and Zepeto

Have an opinion on this story? Share it!