Chart of The Day: CEXs’ Liquidity Drying Up.
As the market turmoil continues due to potential insolvencies and liquidations, this has caused bid/offer spreads to broaden across multiple exchanges as market participants become hesitant to buy/sell — reducing the assets’ liquidity. The bid/offer spreads for BTC and ETH are widening to new highs. This will likely continue until market sentiment improves and market participants re-enter.
