TechFlow news, November 4 — According to the latest data from cryptocurrency data provider Kaiko, since late October, the BTC-USD 1% market depth on U.S. exchanges has fluctuated sharply, oscillating between 780 and 930 bitcoins. As of the day before the U.S. presidential election, trading depth had stabilized above 850 bitcoins.
The metric reflects the amount of bitcoin available for trading within 1% of the current market price. Greater market depth indicates a larger quantity of bitcoin available for trading within a narrow price range, signaling stronger market liquidity. Conversely, shallower market depth suggests weaker liquidity, which may lead to increased price volatility.
The data covers major U.S.-based cryptocurrency exchanges including Coinbase, Kraken, Bullish, Bitstamp, Itbit, and Crypto.com.
