Elastos (ELA) Highly Dependent on Bitget — Liquidity Risk
I observe that the referenced metric shows only 2% liquidity, and while many cryptos suffer low liquidity, ELA’s market depth is noticeably worse.
ELA’s liquidity is concentrated on Bitget; without that venue the token wouldn’t even have about $100k in available liquidity, which increases slippage and exit risk.
I’m cautious: exchange concentration and a thin order book make ELA a high-risk position until liquidity broadens.
Analysis
Recommendation
Treat ELA as high-risk: avoid large entries, use small/limit orders if trading, and wait for broader exchange liquidity or clearer depth before increasing exposure.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.