Liquidity is the most important factor in crypto trading. It indicates the ease of buying or selling an asset without significantly affecting the market price. A trading pair with high liquidity will have large volumes, small spreads, and quick order matching. Conversely, low liquidity makes you vulnerable to slippage and makes it difficult to exit positions. This is why many traders prioritize trading top coins or pairs with high volume. Especially during times of high market volatility, liquidity becomes even more crucial to protect your account.