🚀 Bitcoin Enthusiasts, Stay Alert! 🚀

The cryptocurrency market is experiencing a liquidity crunch, and it's making waves! According to Kaiko, liquidity fragmentation across exchanges has led to noticeable price discrepancies during recent sell-offs. 📉

Binance.US has been hit hard, with daily trade volumes plummeting from $400M to just $20M since the SEC lawsuit in June 2023. This has made the platform vulnerable to price discrepancies, especially during market events like the August 5th sell-off.

Even typically stable pairs like USDT and USDC on BitMEX and Binance.US saw slippage rise by over three basis points. But don't worry, Bitcoin remains resilient! 💪

Despite these challenges, crypto platforms are investing in infrastructure to handle higher trade volumes, reducing arbitrage costs. So, keep your eyes on BTC and stay optimistic! 🌟