According to BlockBeats, on October 17, CoinDesk reported that Coinbase said its trading conditions remained stable and denied reports that Bitcoin order liquidity had dropped significantly during the U.S. Securities and Exchange Commission (SEC) lawsuit against market maker Cumberland. A Coinbase spokesperson said: "In October, we did not see a significant change or decline in BTC-USD depth of around 2%."

Kaiko, a crypto data analytics company, said in a report published on Monday that the 2% BTC depth on Coinbase began to decline at 18:00 UTC on October 10, falling 46% to 267 BTC in a few hours. The 2% market depth represents the collection of buy and sell orders within a 2% range of the middle price or average bid and ask/ask. The metric helps measure liquidity or the market's ability to handle large trade orders at a stable price while providing market participants with minimal slippage (the difference between the expected price and the order execution price).