Looking at the order books one year after that brutal flash crash, the divergence is clear. Deep liquidity has returned for $BTC and $ETH, giving majors the depth needed to absorb institutional flow without immediate slippage. Market makers stepped back in where the volume lives, stabilizing core pair spreads across spot and perps 📊.

The altcoin landscape tells an entirely different story. Mid and low caps are still trading through thin depth, leaving books vulnerable to sudden wick cascades if leverage flushes out again. Spreads remain wide and liquidity has not rebuilt evenly across the board ⚠️. Size your positioning accordingly when stepping outside the majors. Risk management remains the priority 📉. #Write2Earn #CryptoMarkets #Bitcoin