Welcome to our institutional newsletter, Crypto Long & Short. This week:
- Leo Mindyuk on how executable liquidity at scale is more fragmented and fragile than most institutions assume
- Top headlines institutions should pay attention to by Francisco Rodrigues
- Helium’s deflationary flip in Chart of the Week
Expert Insights
Crypto’s liquidity mirage: why headline volume doesn’t equal tradable depth
– By Leo Mindyuk, co-founder and CEO, ML Tech
Crypto looks liquid, until you try to trade large volumes. Especially during periods of market stress and even more so if you want to execute on coins outside of the top 10-20.
On paper, the numbers are impressive. Billions traded in daily volume and trillions traded in monthly volume….
