ONE YEAR LATER, CRYPTO MARKET LIQUIDITY HAS YET TO FULLY RECOVER! 📰
The October 10, 2025 liquidation crash wiped out roughly $19 billion in crypto positions. One year later, Kaiko data suggests the market structure is still feeling the impact.
🔹 Bitcoin perpetual open interest: Still around 16% below pre-crash levels in $BTC terms.
🔹 Spot market depth: Dollar-denominated depth remains 27% lower.
🔹 Leverage relative to liquidity: Down 20%, indicating less leverage per dollar of market depth.
These figures point to a market that has not fully rebuilt its pre-crash liquidity. Lower leverage may reduce some systemic risks, but thinner order books can also amplify price movements when large orders hit the market.
The real test for crypto market resilience is not just price recovery, it’s liquidity and market depth can recover alongside it.
#Crypto #Bitcoin #cryptomarket
The October 10, 2025 liquidation crash wiped out roughly $19 billion in crypto positions. One year later, Kaiko data suggests the market structure is still feeling the impact.
🔹 Bitcoin perpetual open interest: Still around 16% below pre-crash levels in $BTC terms.
🔹 Spot market depth: Dollar-denominated depth remains 27% lower.
🔹 Leverage relative to liquidity: Down 20%, indicating less leverage per dollar of market depth.
These figures point to a market that has not fully rebuilt its pre-crash liquidity. Lower leverage may reduce some systemic risks, but thinner order books can also amplify price movements when large orders hit the market.
The real test for crypto market resilience is not just price recovery, it’s liquidity and market depth can recover alongside it.
#Crypto #Bitcoin #cryptomarket