#Liquidity101 Great! Let's break down #Liquidity101 — a foundational concept in finance, trading, and even business operations.
💧 What Is Liquidity?
Liquidity refers to how quickly and easily an asset can be converted into cash without significantly affecting its price.
🔑 Types of Liquidity
1. Market Liquidity
Refers to the ease of buying or selling an asset in a market.
A liquid market has:
High trading volume
Narrow bid-ask spreads
Many buyers and sellers
Examples:
High liquidity: Stocks like Apple or Bitcoin on major exchanges
Low liquidity: Penny stocks or rare NFTs
2. Asset Liquidity
How easily a specific asset can be turned into cash.
Asset Liquidity Level
Cash 💯 Most liquid
Stocks High
Real Estate Low
Collectibles Very low
3. Accounting (Business) Liquidity
A company’s ability to meet short-term obligations using its liquid assets.
Key Ratios:
Current Ratio = Current Assets / Current Liabilities
Quick Ratio = (Current Assets - Inventory) / Current Liabilities
📉 Why Liquidity Matters
For Traders For Businesses
Enter/exit positions fast Pay bills & salaries on time
Avoid slippage Avoid insolvency
Better price execution Maintain operational flexibility
🧠 Bonus: Illiquidity Risks
You may not be able to sell quickly.
You may have to accept a much lower price to exit.
Extreme case: "Liquidity crisis" (e.g., 2008 financial crisis).