Crypto liquidity splits one year after record crash, CoinDesk reports
Bitcoin and ether order books have deepened a year after the October 2025 flash crash, even as altcoin liquidity contracts and overall spot volume remains low.
FTMQ Startups, written by our newsroom0 views
Bitcoin and ether order books now hold more resting liquidity than they did prior to the flash crash on October 10, 2025, according to CoinDesk. However, liquidity for smaller altcoins continues to erode, and total spot trading volume remains far below its peak from October 2025. [1]
On October 10, 2025, bitcoin reached a record high above $126,000 before slipping to $122,600, CoinDesk reported. Within hours, the price plunged below $105,000 in what became the largest liquidation event in cryptocurrency history, driven by rapid declines in thin markets. [1]
The market split comes after broader crypto declines earlier in the month, as FTMQ Startups reported earlier. Geopolitical tensions weighed heavily on market sentiment, leaving bitcoin trading near $82,500 and ether around $2,500 following weekly losses. [6]
CoinDesk reported that while order book depth for major digital assets has surpassed levels seen at the start of this year, smaller tokens have failed to recover lost market depth. [1]
In short
- Bitcoin and ether order book liquidity has surpassed levels seen before the October 2025 flash crash.
- Altcoin liquidity continues to erode while overall spot trading remains below its October 2025 peak.
- During the crash on October 10, 2025, bitcoin dropped from over $122,600 to below $105,000 within hours.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]One year after 10/10 flash crash, bitcoin and ether liquidity have rebuilt, but altcoins still face risksCoinDesk, 14h ago (the report this story comes from)
- [2]10 Best Netflix Shows You Can Finish In One WeekendTVLine, 8h ago
- [3]PART ONE: 10/09/26 SPORTSFOURCE EXTRAKTIV, 22h ago
- [4]Friday Night Football Showdown Part One (10/08/2026)WLOX, 1d ago
- [5]On the Clock: 2027 HOT 100 Player Nominations Due Oct. 26… Here’s A Good Example of One, Aniyah Griffith Headed to Ohio State (Oct. 10, 2026)Line Drive Media, 4h ago
Background
- [6]Major cryptocurrencies fall over week despite brief Bitcoin recovery FTMQ Startups, 1d ago
Our newsroom writes these reports with the help of software, from the 6 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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