Markets· ★★★· bearish·

Kaiko: Bitcoin still hasn't recovered from Oct. 10 liquidation cascade as spot liquidity drops 27%

  • —BTC perp open interest is ~16% below pre-cascade levels
  • —Spot dollar liquidity is down 27% versus before Oct. 10
  • —Leverage per $1 of liquidity is about 20% lower
Why it matters: Thinner spot liquidity raises slippage and volatility risk for BTC when large orders hit the market.
#BTC
Source: Bloomingbit
More on this
Security · Oct 12
Liquid still hasn't resumed bitcoin withdrawals a month after hack, reserves short by 600+ BTC
 Markets · Oct 5
CryptoQuant: Bitcoin spot demand recovers, but US confirmation still missing
 Markets · Oct 10
Bitcoin Trades Near $82,700 One Year After Trump Tariff Liquidation Cascade