Glassnode has unveiled live spot orderbook metrics for Bitcoin (BTC) and Ethereum (ETH), providing traders and researchers with a granular view of market liquidity and execution conditions in real-time, the company announced on June 23, 2026. The metrics, initially available for Binance and Coinbase, focus on the most traded BTC and ETH pairs and are accessible to Glassnode Professional users. The platform introduces several new metrics, including Bid/Ask Spread, Depth, Price Impact, Depth Imbalance, and Depth Slope, which allow traders to evaluate slippage for a $1 million trade or identify deteriorating liquidity before volatility spikes. These tools are especially valuable during periods of heightened market volatility, such as Bitcoin’s recent 4.14% drop to $62,312, where liquidity often thins and spreads widen.