​BTC liquidity on the largest exchange Binance has plummeted. The 0.1% ask depth on Binance has dropped from 100 BTC to 1.2 BTC! This metric measures the number of outstanding buy orders within 0.1% of the average price between the ask and bid prices. Simply put, you can now move the ask price by 0.1% by offering the market only 1.2 BTC! A decrease in liquidity leads to an effect called slippage. On yesterday's roller coaster ride, some market participants had slippage of up to 20%...