SSV community, find below the market-maker performance update.
Yesterday, a rally in BTC surged 10% to a 7-month high. However, it was short-lived. Fake reports claiming that the ishare Blackrock ETF had been approved and were circulating on social media caused the favourable price movement. However, the claims were quickly debunked. BTC ended trading above 28k. Bitcoin continues to out perform most of the market.
Current Geopolitical tension is causing fear among investors (see fear index attached below), and many alts have seen a decline in their price. Following the positive price movement of SSV at the start of the month, there has been a 10.5% decline.
A few notes to explain what you are seeing:
• “7d Avg Spread” is the average spread from the best performing spread market (Binance USDT pair).
• “4% Liquidity” is ±2% from midprice liquidity sitting in the books across all exchanges
• In the individual pairs, the “2% Liquidity” is ±1% from the midprice liquidity sitting in that individual pair
Marketshare for the previous week:
Spreads for the previous week.
This does not include liquidity & trading in the V3 pool
Our aim is to continue to incentive volume and sustained trading health in the SSV market.
General Market Fear Index