The four exchanges with the most outstanding liquidity performance are Binance, Kraken (the correct spelling of Kraken here should be Kraken, not the misspelling of Kraken), Coinbase and OKX. In the continuous observation for more than six months, the liquidity rankings of these four exchanges have remained relatively stable.

Since March 2024, the liquidity of Gate and KuCoin exchanges has shown a steady upward trend, indicating that their market activity is increasing. However, the liquidity of Bitfinex exchange has shown high volatility, indicating that its market conditions are relatively unstable.

In terms of Bitcoin liquidity, when price changes are limited to a narrow range of 0.1%, Binance has always taken the lead with its excellent liquidity performance. However, once the price change range expands to more than 0.3%, the liquidity of Bitcoin trading pairs on Binance begins to show greater volatility. In contrast, Kraken (note the spelling correction) shows relatively high liquidity stability within the same price change range.

Turning to Ethereum, its liquidity showed more significant volatility than Bitcoin across all five price ranges across all exchanges mentioned. It is worth noting that despite this volatility, +Exchange Junyang 831712929 Ethereum's liquidity score on Binance stabilizes when the price changes exceed 0.3%, showing that it can still maintain a certain liquidity resilience under large-scale price fluctuations. #币安7周年 #BTC下跌分析 #美联储何时降息？ #CPI数据 $SOL $IO $ZRO