Bitcoin and ether market liquidity recovers one year after flash crash
Market depth for major cryptocurrencies has recovered one year after the October 2025 flash crash, though spot trading volume and altcoin liquidity remain subdued.
FTMQ Crypto, written by our newsroom0 views

Bitcoin and ether order books have rebuilt their resting liquidity one year after the October 2025 market crash, CoinDesk Markets and Crypto Briefing reported. The recovery in market depth for the two major assets contrasts with smaller altcoins, where liquidity continues to erode, and spot trading remains well below its previous peak. [1][2]
The market shock occurred on October 10, 2025, following a record high for bitcoin above $126,000, according to CoinDesk Markets. On the morning of the crash, bitcoin traded at $122,600 before plunging below $105,000 within hours during a rapid liquidation event. [1]
CoinDesk Markets reported that order book depth for bitcoin and ether is now greater than it was immediately before the crash or at the beginning of 2026. However, spot trading activity across the wider crypto market has not returned to its October 2025 levels, leaving smaller digital assets exposed to ongoing liquidity risks. [1]
In short
- Bitcoin and ether order books hold more resting liquidity than before the October 2025 crash.
- Bitcoin fell from $122,600 to below $105,000 during the October 10, 2025 flash crash.
- Altcoin liquidity continues to decline while overall spot trading remains below its October 2025 peak.
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 Markets, 14h ago (the report this story comes from)
- [2]One year after 10/10, Bitcoin and Ether liquidity is back while altcoins lagCrypto Briefing, 14h ago
- [3]10 Best Netflix Shows You Can Finish In One WeekendTVLine, 8h ago
- [4]PART ONE: 10/09/26 SPORTSFOURCE EXTRAKTIV, 22h ago
- [5]Friday Night Football Showdown Part One (10/08/2026)WLOX, 1d ago
- [6]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
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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