$ETH liquidity is now less than half of $BTC 's, down from at least 60% in 2025.
• Median liquidity is $13M-$14M at the 0.15% level (BTC: ±$100, ETH: ±$3)
• 7 of 8 exchanges hold over $1M per side, with @Binance leading at ±$3
$GTC
• Median liquidity is $13M-$14M at the 0.15% level (BTC: ±$100, ETH: ±$3)
• 7 of 8 exchanges hold over $1M per side, with @Binance leading at ±$3
$GTC
