The October 2025 Bitcoin and altcoin crash may have ended the bull market, but its long-term impact on market health may have been overstated.
Key takeaways:
Bitcoin orderbook depth has plummeted by 50% since September 2025, signaling a substantial decline in overall market liquidity.
Indicators suggest that the current market fragility stems more from recent 2026 trends than from the 2025 flash crash itself.
