According to TradingView, BCH fell 20% last week, the most since April.
“The BCH price slippage chart for a simulated $100,000 sell order reached its highest level in more than a month on most exchanges, indicating that liquidity is deteriorating due to insufficient order depth for large market orders,” Kaiko said in a newsletter published on Monday. Slippage refers to the difference between the expected price of a trade and the actual execution price, and its peaks represent poor market liquidity and/or high volatility.
According to Kaiko, on July 5, the day Mt. Gox announced its repayment, BCH market slippage on Bybit increased from 0.2% to 2.8%, and on Itbit from 0.3% to 3.5%.
Kaiko said the poor liquidity “coincides with the strong selling pressure associated with the Mt. Gox repayment event, with the highest slippage increases observed on Itbit and Bybit.” Arca Chief Investment Officer Jeff Dorman said market makers have completely disappeared, similar to the credit market in 2009-2010. (CoinDesk)