The introduction of fees on bitcoin's most extensive trading pair, BTC–USDT on Binance, has reduced trading and liquidity, according to research data from Kaiko. The number of bitcoin in a single sell order it would take to move the price down 2% has fallen from around 9,000 BTC to below 5,000 BTC. CoinDesk Senior Research Analyst George Kaloudis analyzes "The Chart of The Day."
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