Market Depth Metric
Market Depth Metric (Liquidity).
Definition
Market Depth Metric refers to market Depth Metric (Liquidity). Keep that definition fixed when comparing series, managers, or regimes — renaming the same tape does not create a new signal.
Why it matters
Funding and market liquidity decide whether a position can be entered, held, or exited at size. When market Depth Metric (Liquidity) shifts, related hedges, limits, and narratives usually need an explicit update rather than a quiet assumption.
Case
Suppose a desk is positioned for the opposite of what market depth metric is saying. If market Depth Metric (Liquidity) moves against that book, the first question is not “is the story clever?” but whether size, hedges, and stop logic still match the observation.
How to read it
Watch spreads, depth, and dealer balance-sheet proxies; headline prices can look fine while exit is gone. Prefer a short written null hypothesis for Market Depth Metric: what would falsify the current reading in the next window?
Ask the macro AI about this object
Opens ZChat with Codex, RAG, and chart context enabled. Connected to the shared Ztrader memory layer.