#ethup70%inq3butliquidityfalls Ethereum’s Q3 performance was impressive on the surface. A 70% climb, strong institutional interest through ETFs, and clear outperformance versus Bitcoin. Dig a little deeper, though, and the liquidity picture looks different. Order books grew thinner even as the price rose, reversing the usual expectation that rising prices attract more resting liquidity.$ETH $JASMY $NBIS