🚨 ETH crushed BTC in Q3, but there’s a catch.

$ETH surged around 70%, significantly outperforming Bitcoin’s 42% gain.

But ETH’s market depth has weakened:

• Order book depth now: 35–45% of BTC’s
• A year ago: 60%+
• Lower liquidity = potentially larger price swings

ETH has momentum. The thinner liquidity could make the next move even more volatile.

$BTC

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