@techsavant1
ETH’s ATH tests market depth in both spot and futures markets. Investors need to assess slippage scenarios, especially for large trades by institutions. High spot-futures alignment indicates healthy liquidity, but rising open interest could signal overheating. A mismatch between futures and spot depth could create instability during volatility spikes. Investors should monitor exchange order books, basis spreads, and funding rates to gauge execution risks. Institutional flows demand robust execution strategies in thin conditions.