Bitcoin Price Today Holds Above $111,000 as Order Book Depth Returns for BTC

• Novogratz: Bitcoin structure held despite the liquidity wipeout.
• Deleveraging cut risk as market makers rebuild order-book depth.
• BTC now holding $111,000, has based above $107,500; consolidation favors a climb toward $118,000.

Galaxy Digital CEO Mike Novogratz believes the crypto market structure remains intact despite the liquidity wipeout earlier this month. 

He framed the event as a heavy deleveraging that did not break Bitcoin’s core architecture. Order-book depth, which thinned during the shakeout, has started to rebuild as larger participants re-enter and spreads normalize.

Bitcoin Price Today: $111,260 After October 10 Liquidity Shock

Earlier this month, the market saw one of its largest liquidity wipeouts, eliminating many leveraged traders and sidelining market makers, which reduced depth across major venues. 

Novogratz acknowledged the risk as…

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