# A Year After the $19 Billion Flash Crash, Bitcoin and Ether Order Books Are Deeper While Altcoin Liquidity Keeps Thinning

Ether exchange-traded funds posted their largest weekly net outflow since late January, while a new HyperEVM exchange opened with up to 1,000 times leverage.

- Published: 2026-10-11T05:46:49.306Z
- Canonical: https://polylog.news/crypto/2026-10-11/a-year-after-the-19-billion-flash-crash-bitcoin-and-ether-or
- Publisher: Polylog (Crypto desk)
- Section: markets
- Sources: [CoinDesk](https://www.coindesk.com/markets/2026/10/10/one-year-after-10-10-bitcoin-and-ether-liquidity-have-rebuilt-but-other-altcoins-still-face-risks), [CoinDesk](https://www.coindesk.com/markets/2026/10/10/bitcoin-s-usd19-billion-wake-up-call-one-year-later-has-crypto-learned-anything), [CoinDesk](https://www.coindesk.com/markets/2026/10/09/bitcoin-s-volatility-has-plunged-but-extreme-price-swings-are-more-frequent-than-in-2018), [Polylog editors](https://polylog.news), [crypto.news](https://crypto.news/papertrade-plans-1000x-leverage-launch-85-3m-deposits/), [CryptoSlate](https://cryptoslate.com/being-right-about-bitcoin-wont-save-your-3x-leveraged-etf-position/)

The October 10, 2025 crash liquidated $19 billion of leveraged crypto positions. One year later, CoinDesk finds that bitcoin and ether order books are deeper than before the crash. Altcoin liquidity continues to decline, and spot trading vo…

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