Analyzing cryptocurrency liquidity involves a few key metrics:

1. 24h Trading Volume — The higher it is, the easier it is to buy or sell without significantly affecting the price.

2. Order Book Depth — Shows how many buy/sell orders are near the current price; more depth means more stable pricing.

3. Bid-Ask Spread — The difference between the highest bid and lowest ask; a narrow spread indicates high liquidity.

4. Number of Exchanges and Trading Pairs — If a coin is listed on many platforms, it usually has better liquidity.

5. User Activity — Number of unique addresses and transaction frequency can indirectly reflect demand.