Low liquidity changes how the market behaves.
When liquidity thins out, price reacts faster and moves become less forgiving. Small orders can cause large shifts, and noise increases while clarity decreases. This is often the phase where impulsive traders struggle and patient positioning starts to matter.
Quiet markets are not empty markets.
They are markets waiting for direction.
Understanding liquidity helps explain why sudden moves appear without warning and why timing becomes more important than frequency. Those who stay disciplined during low-liquidity phases are usually better prepared for what follows next.
