Liquidity, Crypto & The December Liquidity Squeeze

Global macro liquidity is tightening as 2025 draws to a close — central banks remain cautious, credit growth slows, and rate-sensitive sectors weaken.

👉 For crypto, that means less margin, lower stablecoin float, thinner order books, and higher volatility. Crypto is showing exactly that this week: wide price swings and weak depth.

⚠️ Institutional investors should treat crypto as a liquidity-sensitive asset, not a standalone “crypto-only” market.