Today's altcoin rotation is already narrowing. At the latest check, $DOT was up about 6.8%, while $JUP had eased to roughly 1.6% and $ATOM was down about 1% on the day.
There's a market-structure reason to be careful with a sharp green candle. #CoinDesk Research reported on Oct 10 that $BTC's order book within 1% of price held about $11.7 million on Oct 7, around 75% more than on the 2025 crash day. Near-price $ETH depth has also rebuilt. In its altcoin basket, though, dollar depth within 5% has fallen by about a third since early 2025.
Thin books can amplify the move in either direction. For a durable rotation, watch whether spot volume broadens and bids refill after pullbacks. Without that, a big percentage gain says less about lasting demand than it appears to.
There's a market-structure reason to be careful with a sharp green candle. #CoinDesk Research reported on Oct 10 that $BTC's order book within 1% of price held about $11.7 million on Oct 7, around 75% more than on the 2025 crash day. Near-price $ETH depth has also rebuilt. In its altcoin basket, though, dollar depth within 5% has fallen by about a third since early 2025.
Thin books can amplify the move in either direction. For a durable rotation, watch whether spot volume broadens and bids refill after pullbacks. Without that, a big percentage gain says less about lasting demand than it appears to.