#交易流动性 Liquidity is the "blood" of trading, and its abundance directly determines market health. When the depth of buy and sell orders is insufficient, large orders can cause drastic price fluctuations like a boulder thrown into shallow water, resulting in unexpected slippage. In extreme market conditions, liquidity exhaustion can trigger a chain reaction, leading to order accumulation and inability to execute trades. Therefore, maintaining market liquidity is akin to maintaining the respiratory system of the financial system, and is a core element for ensuring smooth trading.