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 bid-ask spreads, and quick order matching. Conversely, low liquidity makes you prone to slippage and difficult to exit positions. This is why many traders prioritize trading top coins or pairs with high volumes. Especially when the market is highly volatile, liquidity becomes even more crucial to protect your account.