#交易流动性 Transaction liquidity is a key element of the market. High liquidity means active buying and selling, orders can be executed quickly and at low cost, with small price fluctuations, enhancing trading efficiency and capital utilization; low liquidity leads to significant slippage, difficult execution, and can easily trigger severe price fluctuations. It is influenced by factors such as the number of market participants, trading volume, and product activity, making it an important indicator for investors to assess the trading environment and risks.