Kaiko: Market's ability to buy large amounts of Bitcoin and Ethereum has declined since Alameda shutdown

The Block quoted Kaiko, an encryption market data provider, as saying that after the collapse of FTX and Alameda Research, the encryption market experienced liquidity drying up. Since the closure of Alameda, the market's ability to buy large amounts of Bitcoin and Ethereum has declined. Dominated by a handful of trading firms including Wintermute, Amber Group, B2C2, Genesis, Cumberland and Alameda, with the loss of one of the largest market makers, we can expect a significant drop in liquidity.” Among them, Bitcoin’s market depth has seen a huge decline, Kraken’s order depth has decreased by 57%, while Binance and Coinbase have decreased by 25% and 18%, respectively.