{"id":798755,"date":"2026-10-11T03:32:22","date_gmt":"2026-10-11T03:32:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/798755\/"},"modified":"2026-10-11T03:32:22","modified_gmt":"2026-10-11T03:32:22","slug":"bitcoin-btc-and-ether-eth-liquidity-rebounds-a-year-after-19-billion-crypto-flash-crash","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/798755\/","title":{"rendered":"Bitcoin (BTC) and ether (ETH) liquidity rebounds a year after $19 billion crypto flash crash"},"content":{"rendered":"

Altcoins left behind<\/p>\n

For altcoins, the picture is reversed. In CoinDesk Research\u2019s basket of altcoins, dollar depth was greatest on Jan. 1, 2025, and has been lower on each date measured since.<\/p>\n

Depth at 5% from the price is down about a third since the start of 2025, to around $2 million. Closer to the price, at 1%, it has fallen by about a sixth.<\/p>\n

Measured in tokens, alt depth looks healthier: it peaked on Jan. 1 this year and has eased only modestly since. But analysts said that token-unit recovery was mostly due to falling prices, masking a steady erosion in committed capital.<\/p>\n

\"AltcoinAltcoin depth (CoinDesk data)Spot trading thins out<\/p>\n

Spot trading has not recovered. Weekly spot volume on centralized exchanges averaged around $279 billion over the four weeks to Sept. 27, according to CoinDesk Research, nearly two-thirds below the $801 billion traded in the week of the crash.<\/p>\n

Activity bottomed out in August, when weekly volume fell to around $135 billion, and has doubled since. But it remains well short of levels seen around the crash.<\/p>\n

\"SpotSpot volume (CoinDesk data)What it means<\/p>\n

Crypto\u2019s liquidity vanished in hours on Oct. 10, 2025. Where it was next was the open question.<\/p>\n

\u201cA year ago<\/a>, we wrote that liquidity was thin and fragmented, and that it was unclear where capital would rotate once the dust settled. We now have an answer: bitcoin and ether,\u201d said Joshua de Vos, Research lead at CoinDesk. \u201cMarket makers have returned to majors, with liquidity above pre-crash levels, whilst altcoin liquidity continues to trend down as a whole. Beyond a select few alts, I expect this divergence to persist into next year as majors continue to dominate institutional interest and volumes.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Altcoins left behind For altcoins, the picture is reversed. In CoinDesk Research\u2019s basket of altcoins, dollar depth was…\n","protected":false},"author":2,"featured_media":798756,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[84,59,56,54,55],"class_list":["post-798755","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-gb","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/798755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=798755"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/798755\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/798756"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=798755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=798755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=798755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}