Has anyone else noticed the severe drop in liquidity on coinbase pro for BTC/USD?? Order book averaged about $50 million+ in buys all the way down to $2200 up until yesterday. Within the last 24 hours it dropped from $50 million down to barely over $10 million. What happened here?
You posted the same thing yesterday. Order books are irrelevant - whales use APIs.
Didn't Coinbase pro have a recent increase in their trading fees too? That could possibly have been a partial explanation, too, no?
yes, that's what happens when you increased fees threefold while competitors did not.