Kaiko: The Bitcoin liquidity gap left after the bankruptcy of FTX and Alameda has now been restored

According to a report released by Kaiko, the Bitcoin liquidity gap left after the bankruptcy of FTX and Alameda has now been restored. This gap lasted for over a year, as market makers waited for the recovery of sentiment and trading activity. As of last week, market depth has almost fully recovered and has returned to the average level before FTX collapsed.