What is the difference between exchange liquidity and cryptocurrency liquidity?
Could you elaborate on the key differences between exchange liquidity and cryptocurrency liquidity? I'm particularly interested in understanding how they impact trading dynamics. For instance, how does exchange liquidity affect the ease of executing large orders on a platform, and how does cryptocurrency liquidity determine the accessibility of tokens in the market? Additionally, what are some strategies traders employ to assess and manage these types of liquidity? Your insights would be greatly appreciated.