📊 $BTC #Kaiko report:

▫️ BTC market depth of 2% for BTC-USD and BTC-USDT trading pairs, aggregated across 14 exchanges, has yet to recover to >10K BTC levels (pre-FTX crash), suggesting market makers have not returned in full force;

▫️ However, since the end of December the depth has increased slightly, approaching 4 thousand BTC for the first time in more than a month;

▫️ Binance market share is restored after settlement.

By dump #OKB: Supply-side market depth increased in the hours before the price drop, which may indicate market makers were preparing for upcoming volatility, which is not entirely consistent OKX excuses.