Bitcoin’s market depth on 33 CEX is close to $540 million
On February 20th, it was reported that earlier in the day, Bitcoin rose to a total value of $539 million in buy and sell orders within a 2% market depth (meaning within a 2% range of the market price) across 33 centralized exchanges. Data tracked by Kaiko shows that this is the highest level since October of last year and represents a 30% increase since the launch of the spot ETF on January 11th.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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