#BTC #Ethereum #sol #ZECUSDT
A full year after the largest forced liquidation event in the cryptocurrency market, the current landscape shows a clear divide in liquidity. While major cryptocurrencies (Bitcoin and Ethereum) have recovered, altcoins continue to suffer from a loss of market depth.
Data indicates that Bitcoin liquidity has risen by 75% within a 1% price range compared with levels on the day of the crash, while Ethereum liquidity has increased by more than 0.5%. By contrast, altcoin market depth in dollar terms has contracted by about a third within a 5% range since the start of 2025.
As for spot trading volume, it has remained below pre-crash levels, averaging $279 billion per week in late September—down nearly two-thirds from the $801 billion traded during the week of the crash. Analysts say the increased depth in Bitcoin and Ethereum reflects investor confidence, rather than merely a drop in prices, while the decline in dollar-denominated depth for altcoins conceals a genuine erosion in their value.
A full year after the largest forced liquidation event in the cryptocurrency market, the current landscape shows a clear divide in liquidity. While major cryptocurrencies (Bitcoin and Ethereum) have recovered, altcoins continue to suffer from a loss of market depth.
Data indicates that Bitcoin liquidity has risen by 75% within a 1% price range compared with levels on the day of the crash, while Ethereum liquidity has increased by more than 0.5%. By contrast, altcoin market depth in dollar terms has contracted by about a third within a 5% range since the start of 2025.
As for spot trading volume, it has remained below pre-crash levels, averaging $279 billion per week in late September—down nearly two-thirds from the $801 billion traded during the week of the crash. Analysts say the increased depth in Bitcoin and Ethereum reflects investor confidence, rather than merely a drop in prices, while the decline in dollar-denominated depth for altcoins conceals a genuine erosion in their value.