The proportion of BTC daily transactions denominated in US dollars during the US session has risen to 53%, and most of the "Alameda Gap" has been closed

Thanks to Trump's re-election as president and the growing demand for digital asset funds and derivatives contracts in the United States, the focus of the cryptocurrency market has returned to the United States. Kaiko data shows that the proportion of daily Bitcoin transactions denominated in US dollars conducted during US hours has climbed to about 53% from 40% in 2021. The data also shows that the depth of the cryptocurrency market - the ability to withstand relatively large orders without excessively affecting prices, has returned to pre-FTX crisis levels, making up for most of the "Alameda Gap". Thomas Erdösi, head of product at CF Benchmarks, pointed out that the growing participation of institutions has shifted "liquidity dominance" to the United States. (Bloomberg)