> No it's not. The value collapses every time there is sell side. Jumps every time there is little more than average demand.
That's not liquidity. That's volatility - otherwise known as price discovery - completely natural in a young extremely fast-growing asset. It continuously gets over-bought and then over-sold as it continues along it's exponential path of overall growth.
Just looking at Coinbase, its BTCUSD pair alone has a trading volume of ~$1B/day. How much liquidity do you want?
Surged since when? 2019?!
https://imgur.com/a/G9fmGur
> No it's not. The value collapses every time there is sell side. Jumps every time there is little more than average demand.
That's not liquidity. That's volatility - otherwise known as price discovery - completely natural in a young extremely fast-growing asset. It continuously gets over-bought and then over-sold as it continues along it's exponential path of overall growth.
Just looking at Coinbase, its BTCUSD pair alone has a trading volume of ~$1B/day. How much liquidity do you want?