CoinGecko a new report has been circulating today: $ETH surged 70% in Q3, outperforming Bitcoin’s 42%, but order book depth hasn’t improved—in fact, from July 6 to September 30, ETH’s average daily depth was only 35% to 45% of Bitcoin’s; in the same period last year it was still above 60%. Within 0.15% of the current price, the total of buy and sell orders adds up to just $13 million to $14 million. The report also mentioned that Solana’s depth fell from about $28 million to $20 million.
On my way home from work, I happened to see this report on my feed, and after reading it I felt a bit chilled. Last month I was planning to add to my position on $ETH , but after calculating the depth I didn’t move—now it seems I was right: it’s been surging hard, yet the liquidity underneath isn’t thick; when a big order hits, the price just slides.
What do you all think—if a coin goes up while depth shrinks, would you still dare to hold it?
#加密新闻 #数据视角 #Retail-trader daily
On my way home from work, I happened to see this report on my feed, and after reading it I felt a bit chilled. Last month I was planning to add to my position on $ETH , but after calculating the depth I didn’t move—now it seems I was right: it’s been surging hard, yet the liquidity underneath isn’t thick; when a big order hits, the price just slides.
What do you all think—if a coin goes up while depth shrinks, would you still dare to hold it?
#加密新闻 #数据视角 #Retail-trader daily
