Bitcoin liquidity hits 10-month low as crypto prices continue to drop.

Despite Bitcoin's surge in value this year, liquidity in the cryptocurrency market remains low, leading to higher trading costs and potential volatile price swings. The reluctance of institutions to offer liquidity in the space due to regulatory crackdowns and the collapse of crypto-adjacent banks has contributed to the drying up of trading volumes. The decrease in trading volumes has made it easier for large orders to move BTC prices, leading to more wild swings. The recent US regulatory crackdown on Binance has also added to the uncertainty in the market.