Analysis: Since the Ethereum spot ETF was approved, the market depth of ETH has dropped by 20%
Odaily Planet Daily Report: Since the listing of 9 Ethereum spot ETFs on July 23, the average 5% market depth of ETH on US CEX has decreased by 20% to around $14 million, with reduced liquidity and increased sensitivity to large transactions. CCData's data shows that Ethereum spot ETFs have seen cumulative outflows of over $500 million since their listing, and the price of Ethereum has fallen by more than 25% to $2,380. The analysis suggests that the poor market conditions and reduced summer trading activity are the main reasons.
