Market Makers Tilt Spread Bands Wider as U.S. Macro Drift Amplifies Digital-Asset Dispersion
Digital asset markets are showing increased dispersion as market makers widen spread bands in response to shifting U.S. macro conditions. Even without major headlines, a steady drift in macro indicators has been enough to influence pricing behavior across trading venues. Market makers are recalibrating spreads to reflect greater uncertainty in both liquidity and directional bias, […]