đ Bitcoin Enthusiasts, Stay Alert! đ
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. đ
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! đȘ
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! đ
