Liquidity for top cryptocurrencies on the exchange, measured by 0.1% and 1% market depth indicators, has declined by 25% or more to less than $150 million and around $180 million, respectively, in the past 24 hours, data tracked by Kaiko show. Market depth is a collection of buy and sell orders within a certain percent of the mid-price, or the average of the bid and the ask prices.
Source: https://www.coindesk.com/markets/2023/11/22/trading-crypto-on-binance-becomes-challenging-as-order-book-liquidity-tanks-25/?utm_medium=referral&utm_source=rss&utm_campaign=headlines