📢Hey #Blockchain enthusiasts! Let's talk about the elephant in the room: #Bitcoin liquidity woes.🐘💧Despite the buzz around Bitcoin ETFs, the market still struggles with large-scale trading activities.😅

The infamous 'Alameda gap' has left a void as major firms like Jane Street Group & Jump Crypto scaled back their crypto trading ops. Smaller firms tried to fill the gap, but their limited resources make them less capable of managing high volatility.😬

And guess what? Bitcoin ETFs haven't really improved liquidity! Most ETF-related trading is done OTC, which doesn't contribute to market depth. The Grayscale Bitcoin Trust (GBTC) conversion to ETF resulted in $4B in redemptions, showing the disconnect between trading volume & actual market liquidity.🤯

So, what do you think? Can the market overcome these liquidity challenges? Share your thoughts in the comments!👇🚀