$ETH

$BTC

💥 ETHEREUM OUTGAINED BITCOIN IN Q3, BUT LIQUIDITY WEAKENED

Ether gained 70% in Q3, beating Bitcoin's 42%.

But Ethereum's median daily market depth fell sharply year-over-year. ETH held 35-45% of Bitcoin's market depth from July to September, with roughly $13-14M in orders within 0.15% of its market price.

ETH remains liquid overall, with most exchanges holding over $1M per side.

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