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MAVRICK13
ONE YEAR AFTER CRYPTO'S $19B LIQUIDATION DAY, THE SCAR ISN'T ON THE PRICE CHART.
CoinDesk Research finds altcoin order-book depth within 5% of price has fallen ~33% since Jan 2025, to ~$2M.
Average weekly spot volume: $279B in the four weeks to Sept 27, versus $801B in crash week.
A thin order book can turn an ordinary sell order into an extraordinary candle.
Oct 10 isn't just an anniversary. It's a liquidity audit.
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