OracleScan field guide
When thin liquidity becomes actionable
A low depth-to-open-interest ratio can be normal for a small market or a fresh deterioration. The distinction matters more than a generic critical label.
Evidence checklist
- Compare the market with its own recent depth and spread baseline.
- Prioritize falling depth, widening spreads, and growing open interest when they occur together.
- Estimate execution at the order size you may actually need, including an exit under reduced liquidity.
- Keep persistent structural thinness visible but quieter than a new market-relative break.
OracleScan reports observed conditions and explicit coverage gaps. It does not certify markets as safe or predict that a loss will occur.