📊 #Kaiko report:

▫️ $BTC market depth of 2% improves, suggesting market makers are starting to return;

▫️ BTC market share on US exchanges compared to global exchanges has increased consistently since November, exceeding 50% since the end of 2023;

▫️ Both institutional and retail trading volumes on Coinbase began to increase, with growth driven primarily by altcoin transactions, which accounted for 42% of total trading volume, while BTC and ETH fell to 31% and 15% respectively.