#ETHUp70%InQ3ButLiquidityFalls
$BTC $ETH
๐จ $ETH +70% IN Q3โฆ BUT LIQUIDITY IS TELLING A DIFFERENT STORY ๐
Ethereum massively outperformed Bitcoin in Q3:
๐ $ETH: +70%
๐ $BTC: +42%
But hereโs the surprising partโฆ
While ETH was making a huge move higher, its market liquidity actually became thinner.
๐ป ETH median market depth dropped to around 35%โ45% of Bitcoinโs, compared with 60%+ during the same period last year.
What does that mean?
โ ๏ธ Larger orders may now have a greater impact on ETHโs price.
โ ๏ธ Lower liquidity can mean more volatility and sharper moves.
โ ๏ธ A strong rally doesnโt always mean a stronger market structure.
#ETHUp70%InQ3ButLiquidityFalls #cryptoalpha1816
$BTC $ETH
๐จ $ETH +70% IN Q3โฆ BUT LIQUIDITY IS TELLING A DIFFERENT STORY ๐
Ethereum massively outperformed Bitcoin in Q3:
๐ $ETH: +70%
๐ $BTC: +42%
But hereโs the surprising partโฆ
While ETH was making a huge move higher, its market liquidity actually became thinner.
๐ป ETH median market depth dropped to around 35%โ45% of Bitcoinโs, compared with 60%+ during the same period last year.
What does that mean?
โ ๏ธ Larger orders may now have a greater impact on ETHโs price.
โ ๏ธ Lower liquidity can mean more volatility and sharper moves.
โ ๏ธ A strong rally doesnโt always mean a stronger market structure.
#ETHUp70%InQ3ButLiquidityFalls #cryptoalpha1816
