ETH: Spot Small-Trade Surge
Shown as its 3 Oct – 1 Nov 2026 sample; the latest readings and full history are included with Plus.
How busy small ETH spot trading is against its own recent past: the rate of prints under $1,000 as a percentage of its average rate over the previous 30 days.
Why use it. Prints under $1,000 are mostly retail-sized orders, so a reading far above 100 shows small traders piling in, which tends to cluster around euphoric tops, capitulation lows and big headline days. How to read it. 100 is the 30-day norm; 200 means small prints are arriving twice as fast as usual. The daily view is the cleanest. The ten-minute and hourly views follow the daily rhythm of trading, so compare them with the same hours of other days.
Calculation. 100 x prints under $1,000 per captured minute in the period / the mean of that rate over the previous 30 complete UTC days. At least 7 such days are needed, so values start a week after this collection began, and fewer than 30 days are used until 30 exist. Each period counts the trades whose venue timestamps fall inside it; the open period is a partial and fills in as its minutes are written, about ten seconds after each minute ends. Source: our own trade-by-trade capture of the public spot trade feeds of Binance, Bybit, Bitget, Gate, KuCoin, HTX, Crypto.com, OKX, Coinbase and Kraken, for ETH's spot markets against USD, USDT, USDC and FDUSD; every trade is bucketed by its US-dollar size as it arrives. A print is one taker order's execution at one moment as the venue publishes it: the fills one aggressive order makes against several resting orders at once are merged into one print, using the venue's own order, match or transaction identifiers where it publishes them (KuCoin, Coinbase, Bybit, OKX, Deribit, Crypto.com, HTX, Hyperliquid) and otherwise the same millisecond and side (the same microsecond on Kraken spot). A print is a fill, not a parent order: a large order split into smaller pieces over time, by an algorithm or by hand, lands in the buckets of its pieces, so the large buckets show what was executed in one go and the small buckets include pieces of larger orders. Who traded is not known: sizes say nothing about the identity of a trader. Stablecoin quotes (USDT, USDC, FDUSD) count at face value as USD. Trades missed during a reconnect are not estimated, and venues we do not collect are not included, so totals understate the whole market. History starts when this collection began on 20 October 2026; no earlier values are reconstructed. OKX, Coinbase and Kraken are included from 23 October 2026, when this collection added them; no earlier values are reconstructed for them.