Two examples, they differ only in space after >.
- (dingus)
- (dingus)
But first renders as:
<blockquote>
<ol>
<li>
<blockquote>
<p>asdf</p>
</blockquote>
</li>
</ol>
<blockquote>
<p>sdfg</p>
</blockquote>
</blockquote>
and second
<blockquote>
<ol>
<li>
<blockquote>
<p>asdf
sdfg</p>
</blockquote>
</li>
</ol>
</blockquote>
I'm not sure, which output is better, but I think it should be same in both cases.