Summary
TLDR: Bitcoin’s market depth across 33 centralized exchanges increased to $539 million, the highest since October, following the launch of spot ETFs on Jan. 11.
Key Points
1. Bitcoin’s 2% market depth across 33 centralized exchanges reached $539 million, the highest since October.
2. The market depth saw a roughly 30% increase since the introduction of spot ETFs on January 11.
3. Data tracked by Paris-based Kaiko shows the significant impact of spot ETFs on bitcoin’s market depth.