Catch Ya Later! Altcoin Liquidity Fleeing To Offshore Exchanges After FTX Collapse, Research Report Says
Portfolio Pulse from Murtuza Merchant
A Kaiko report reveals that altcoin liquidity is increasingly concentrated on offshore exchanges, now accounting for 69% of total liquidity, up from 55% in early 2022. This shift is driven by large and mid-cap altcoins, while Bitcoin liquidity is moving towards U.S. exchanges.
September 26, 2024 | 2:11 pm
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Bitcoin liquidity is moving towards U.S. exchanges, contrasting with the trend of altcoin liquidity concentrating on offshore exchanges. This suggests a potential de-risking or rotation into Bitcoin by market makers.
The report highlights a shift in Bitcoin liquidity towards U.S. exchanges, suggesting a potential de-risking or rotation into Bitcoin by market makers amid market volatility. This could positively impact Bitcoin's price in the short term.
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