$ETH
Up 70%
But liquidity declined
There’s something suspicious about this rise
Ethereum’s performance in the third quarter was unstoppable
It suddenly jumped by around 70%
Far outpacing Bitcoin’s roughly 42% gain in the third quarter
But there’s one detail
I think it deserves more attention than this 70% rise
The higher ETH climbed,
the emptier the order book became
According to CoinGecko data,
ETH’s average market depth in the third quarter was only 35% to 45% of BTC’s market depth
In the same period last year, it was at least 60%
The decline is extremely sharp
Please follow
#Write2Earn #BinanceSquare #ProactiveSecurityWins #ETHUp70%InQ3ButLiquidityFalls #BinanceLaunchesBinanceIntelligence
Up 70%
But liquidity declined
There’s something suspicious about this rise
Ethereum’s performance in the third quarter was unstoppable
It suddenly jumped by around 70%
Far outpacing Bitcoin’s roughly 42% gain in the third quarter
But there’s one detail
I think it deserves more attention than this 70% rise
The higher ETH climbed,
the emptier the order book became
According to CoinGecko data,
ETH’s average market depth in the third quarter was only 35% to 45% of BTC’s market depth
In the same period last year, it was at least 60%
The decline is extremely sharp
Please follow
#Write2Earn #BinanceSquare #ProactiveSecurityWins #ETHUp70%InQ3ButLiquidityFalls #BinanceLaunchesBinanceIntelligence