The liquidity of Bitcoin #比特币流动性危机 is a core indicator of its market vitality, referring to the ability of assets to be quickly converted into cash without significantly affecting the price.

Currently, Bitcoin liquidity shows a layered characteristic: top exchanges have higher depth, and large trades have a small impact; while smaller platforms or over-the-counter markets are prone to slippage. Liquidity is significantly influenced by market sentiment and regulatory policies; during a bull market, funds flow in, and liquidity is abundant; in a bear market, funds withdraw, and liquidity shrinks.

Improving liquidity relies on the process of compliance and the improvement of infrastructure, which is not only related to the attractiveness of Bitcoin as an investment target but also crucial for its integration into the mainstream financial system.