Crypto Has Plenty of Liquidity. Until Everyone Wants It at Once. There's something funny about looking at a crypto order book on a quiet Tuesday. Plenty of bids, plenty of asks, tight spreads. Everything looks liquid enough. Then $BTC moves 4% in twenty minutes, and suddenly the price you saw on the screen isn't remotely close to the price your order actually gets. The problem isn't always that market makers disappear. Sometimes they just stop being willing to take the same risk. Quotes get smaller, spreads widen, and the liquidity that looked so impressive five minutes ago becomes a lot more expensive to use. Wednesday's selloff was a pretty good reminder. Talos reported more than $400 million in crypto long liquidations within an hour, as rising oil prices and Treasury yields rattled markets. It's why I care more about how much an order actually moves the price than how pretty the order book looks beforehand. A tight spread is nice. Getting your whole order filled anywhere near that spread when things get ugly? That's the part I'd rather know. #BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#