ETH liquidity falls to less than half of BTC’s, with median depth at $13M$14M at the 0.15% level
AI Market Summary
Reported ETH order-book liquidity has fallen to less than half of BTC's, down from at least ~60% in 2025, implying relative depth deterioration. At 0.15% depth, median liquidity is ~$13M–$14M, with most major venues still above $1M per side; Binance leads on tight ETH spreads. The shift matters for execution quality, as reduced relative depth can raise slippage sensitivity during volatility.
Impact level
● Medium
Affected assets
ETH/USDT-0.80%
AI Insight · ETH/USDTAI Insight
▼ Bearish
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Ethereum (ETH) liquidity has dropped to less than half of Bitcoin’s (BTC), down from at least 60% in 2025. At the 0.15% depth level, median liquidity is about $13M$14M, with BTC at around ±$100 and ETH at around ±$3. Seven of eight major exchanges show more than $1M per side, led by @Binance at ±$3.
