Bitcoin liquidity situation worsening; volatility expected to be enhanced

quick take

• Order book depth continues to make new lows for Bitcoin. These are now 10-month lows, according to Kaiko.
• The heavy impact of an illiquid market could push the direction in either direction.
• The banking crisis and the USD clearing rail, and the closure of crypto banks like Silvergate and Signature Bank, could drive more people to self-manage their bitcoins when buying directly from exchanges, so in the long run, it will hurt the bottom line. may become.

After the Bitcoin liquidity situation deteriorated. Volatility, which is expected to strengthen, first appeared on CryptoSlate.