“Aggregated 2% BTC market depth has dropped by almost half to around 8,000 BTC from 14,000 BTC at the end of October,” analysts at Bitfinex, one of the top 10 centralized cryptocurrency exchanges by volumes, wrote in the Jan. 9 issue of the market report. “In other words, a large order of the same USD value or size placed today will have more than twice the impact on price in contrast to two months ago.”
Poor Bitcoin Market Liquidity Keeps Crypto Whales at Bay
