📊 Volume is easy to report. Depth is hard to fake.
🔍 We compared daily volume with the orders waiting near the price for 465 exchange markets across 8 large tokens, incl. $BTC and $SOL.
📏 Large exchanges: volume ≈ 5x the orders within 2% of price.
⚠️ 28 markets: over 100x, some above 10,000x.
📉 Those 28 add 7.7% of all reported volume, but only 0.5% of the orders near the price.
💡 Judge liquidity by depth, not by volume rank. What do you check first? 👇
#Liquidity #OrderBook #MarketStructure
Data: CoinGecko, ~05:00 UTC 5 Oct, single snapshot. Not financial advice. DYOR.
🔍 We compared daily volume with the orders waiting near the price for 465 exchange markets across 8 large tokens, incl. $BTC and $SOL.
📏 Large exchanges: volume ≈ 5x the orders within 2% of price.
⚠️ 28 markets: over 100x, some above 10,000x.
📉 Those 28 add 7.7% of all reported volume, but only 0.5% of the orders near the price.
💡 Judge liquidity by depth, not by volume rank. What do you check first? 👇
#Liquidity #OrderBook #MarketStructure
Data: CoinGecko, ~05:00 UTC 5 Oct, single snapshot. Not financial advice. DYOR.
