Institutional allocation into digital asset funds has pushed order book depth for major cryptocurrencies to levels not seen since early 2022. Spot exchange-traded products have absorbed significant OTC inventory, reducing immediate sell-side pressure.
Order Depth Shift
Slippage for multi-million-dollar transactions across major liquid exchanges dropped 14% over the last quarter. Market makers attribute the stabilizing spreads to continuous inflows from automated treasury management protocols.
Regulatory Outlook
Uncertainty remains regarding cross-border settlement frameworks in European jurisdictions. Market participants expect compliance overhead to consolidate liquidity around fully audited custodial institutions.