• Crypto information supplier Kaiko has introduced that the Bitcoin market depth has elevated by 19%.
• Information suppliers reported a rise in Bitcoin buying and selling volumes.
• Web inflows into the Spot Bitcoin ETF on February twentieth have been $135 million.

Bitcoin stays above $50,000, with current information displaying an growing market depth. Regardless of falling to $38,555 after the launch of the Spot Bitcoin ETF product on January eleventh, BTC has since recovered.

In line with a report revealed by crypto information supplier Kaiko, Bitcoin market depth has elevated by 19% for the reason that starting of 2024. Kaiko shared this report on his X and mentioned, “Is liquidity again for good?” In line with Kaiko, market depth is outlined because the market's means to maintain comparatively massive market orders with out affecting asset costs.

A report shared on February nineteenth graphically exhibits the rise in Bitcoin buying and selling quantity. This graph exhibits that Bitcoin buying and selling quantity spiked when the Spot Bitcoin ETF started buying and selling within the US.

Moreover, the info exhibits that Bitcoin's common commerce dimension throughout 33 exchanges reached its highest stage of the yr on February thirteenth and has persistently remained above $1,000 since early 2024.

Lately, Web3 analysis platform SoSoValue reported $135 million in web inflows into its Spot Bitcoin ETF on February twentieth. The best each day influx was on February thirteenth, which was $631 million. It’s value noting that Bitcoin surpassed $50,000 on February twelfth.

Bitcoin is at the moment buying and selling at $51,200 and has skilled a 1.6% decline previously 24 hours. Nevertheless, buying and selling quantity elevated by 47% within the final 24 hours, exceeding $32 billion.