Bitcoin and Ether Order Books Rebuild as Altcoin Liquidity Stays Thin
Bitcoin's order book has rebuilt sharply: about $11.7 million in orders sat within 1% of the price on October 7, roughly 75% more than on the recent crash day. Depth within 0.5% more than doubled to about $4.2 million, and Ether's order book is showing similar signs of rebuilding. Farther from the price, recovery has been slower, with 5% depth still near early-2025 levels, while altcoin liquidity remains thin. The rebuilt books were tested in the October 7–8 selloff, when Bitcoin's 1% depth fell about 12%.