US moves global markets because of liquidity, not volume
US strikes global markets as a result of liquidity, no longer volume
Market depth in US exchanges reveals the affect of institutional funding and ETF trading.
Bitcoin surged past $68,000 following President Joe Biden's unexpected resolution to exit the 2024 presidential ride, highlighting the crypto market's sensitivity to US political events. Whereas US exchanges contribute beneath 12% of global trading volumes, they surprisingly account for neutral about half of of the market's liquidity. This paradox stems largely from the influx of institutional patrons after the introduction of remark Bitcoin ETFs. Nonetheless the staunch sport-changer riding this liquidity enhance is... [Read more on Alpha]
Source credit : cryptoslate.com