Ethereum liquidity falls below 50% of Bitcoin's level
- —Ethereum's median depth is $13–14 million, 35–45% of Bitcoin's
- —A year ago Ethereum held above 60% of Bitcoin's liquidity
- —Bitcoin's median depth: $29 million on the bid, $37 million on the ask
- —Binance leads liquidity for both assets; MEXC trails at about $450,000
Why it matters: Ethereum's shallower order book will make it harder to execute large trades and amplify slippage during volatile periods.
Source: Crypto Briefing
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