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.
• A major ramification of an illiquid market can push direction in either way.
• The banking crisis and closure of USD payment rails, crypto banks such as Silvergate and Signature Bank, could be a net benefit in the long run, as it could encourage more people to take self-custody of their Bitcoin when directly buying from an exchange.

The post Bitcoin liquidity situation worsening; volatility expected to be enhanced appeared first on CryptoSlate.