Realized depth collapses
depth_episodesIdentify realized BTC liquidity collapse episodes, including onset, trough, drawdown, and recovery time, to determine if crypto liquidity has structurally broken.
Instructions
Realized depth-collapse episodes in BTC ±1% aggregate depth: onset, trough, drawdown fraction and recovery time for each episode that crossed the pre-registered threshold. Detection rules were declared before any episode accrued. Use when asked whether crypto liquidity has actually broken lately, as opposed to how it looks right now. The subscriber exit_desk_full carries the ETH desk beside BTC.
Input Schema
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