I've been keeping an eye on coin pairs on Kraken's L2/L3 order book. An interesting watch. Scalping signals a very low at the moment as you'd expect, there's the odd blip for Limit buy, market sell or just limit orders. I only did this to test out adaptable stop loss positioning. The whale drops have increased significantly over the year though, where you'd have one a month or two months September ramped up to 8-16 mini flash crashes. Wipes outs were obvious.
Reddit is hilarious at the moment, the idea of a decentralised peer to peer, no governance system has vanished beneath them.
pair | window_start | stddev | stddev_pct | avg | min | max | range_pct | count | tradeable
----------+---------------------+--------------------------------+--------------------------------+------------------------+----------------+----------------+----------------------------+-------+--------------
ATOM/GBP | 2025-11-05 09:15:00 | 0.001345490415612349357623 | 0.070998257242982223601600 | 1.8951034403669725 | 1.89205000 | 1.89760000 | 0.29286000340568662200 | 436 | LOW
EUR/GBP | 2025-11-05 09:15:00 | 0.0000467280019579693322157603 | 0.0053031963478083528068003200 | 0.88112901905434015526 | 0.88101500 | 0.88122500 | 0.02383305911606221600 | 2834 | LOW
ATOM/GBP | 2025-11-05 09:00:00 | 0.003372692219536056960719 | 0.178126822345709772721400 | 1.8934218750000000 | 1.86625000 | 1.89960000 | 1.76136129197303163100 | 720 | LOW
EUR/GBP | 2025-11-05 09:00:00 | 0.0000357478306817501844701718 | 0.0040570300092741290716676700 | 0.88113301109513047052 | 0.88103500 | 0.88122000 | 0.02099569505063370000 | 4867 | LOW