Market structure's gotten way thicker since last Oct's crash. $BTC now has ~$11.7M sitting within 1% of spot — that's 75% more liquidity than we had on the dump day. $ETH depth more than doubled too.
Basically means single whales can't wreck the orderbook as easily anymore. Takes more force to move price now. Not saying we can't crash again, but the tape's less fragile than it was.
Basically means single whales can't wreck the orderbook as easily anymore. Takes more force to move price now. Not saying we can't crash again, but the tape's less fragile than it was.