Analysis
Editorial preview
3 liquidity measures that matter before crypto price momentum
Turnover, market depth and funding conditions provide more context than a price move viewed alone.
Price is observable; liquidity is conditional. A market can appear active while remaining fragile if orders are thin or leverage is concentrated.
Three measures
- Turnover relative to market size
- Order-book depth around the quoted price
- Funding rates and leverage concentration
Each measure asks a different question: how much trades, how much can trade without moving the price, and how much activity depends on borrowed exposure.
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