TechFlow news, October 17 — According to CoinDesk, Coinbase denied reports that Bitcoin order liquidity significantly declined during the period when the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against market maker Cumberland, stating that its trading conditions have remained stable. A Coinbase spokesperson said: "We did not observe any significant changes or declines in BTC-USD depth within the 2% range during October." However, crypto data analytics firm Kaiko reported on Monday that 2% BTC depth on Coinbase began declining from 18:00 UTC on October 10, dropping 46% to 267 BTC within hours. The 2% market depth refers to the aggregate of buy and sell orders within 2% of the mid-price or average bid-ask price. This metric measures market liquidity—the market's ability to absorb large orders at stable prices—and provides market participants with minimal slippage (the difference between expected and actual execution prices).
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