Ethereum Rallied 70% Last Quarter, So Why Do Its Order Books Trail Bitcoin's?
Ethereum (ETH) gained about 70% in the third quarter against 42% for Bitcoin (BTC), yet its exchange order books held less than half of Bitcoin's depth. Key Points: ETH's order-book depth near the market price equaled 35% to 45% of Bitcoin's, down from at least 60% a year earlier. Bitcoin's depth gr