Order Book

Ether gained more than bitcoin in the third quarter, but its order book depth weakened relative to the market leader. XRP liquidity remained steadier, with bids outweighing asks during the measured period.

Bitcoin fell 5% to $58,000 in early Thursday U.S. trading, its lowest level since 2024. Derivatives and order-book data now point to crowded short positioning and deeper buy interest below the market, raising the odds of a sharp squeeze.