Liquidity still thin — down 15–20% since the 10.11 crash. Earnings season draining capital, volatility stays high. 📉⚠️

According to Odaily, Deribit's Asia-Pacific Business Head, Lin, shared insights on the X platform regarding current market conditions. Lin noted that market liquidity is still 15%-20% lower compared to the period before the '10.11 crash.' The U.S. stock market is experiencing a volatile earnings season, which has absorbed much of the available capital. Despite this, U.S. stocks continue to reach new highs. Lin suggested that as long as the U.S. stock market remains stable, there could be market activity by the end of the year once liquidity spreads. However, he cautioned that significant movement in the near term is unlikely, and volatility remains high.