Can Crypto Trading Ever Recover After October’s Liquidity Crash?
Crypto markets might look calmer after October’s leverage wipeout, but under the surface, liquidity remains absent. Data from CoinDesk Research shows that order-book depth across major centralized exchanges remains structurally lower, suggesting a more cautious market-making environment heading into year-end. This environment paves the way for thinner markets and sharper moves, increasing the likelihood that…