High volume can make a market look liquid. It doesn’t prove that it is. $500M traded in a day sounds impressive. But that number alone doesn't tell you how easily a large order can enter or exit. Volume tells you how much traded. Liquidity tells you how much the market can absorb without significant price impact. That distinction matters because a market can have: → high volume → thin order-book depth → wide spreads → meaningful slippage So before calling an asset “liquid,” I’d want to know: How much size is actually available near the current price? This is also where Quant AI's use of order-book data becomes relevant. Volume tells you what has already traded. Order-book data can help you examine the liquidity available around the market. Different questions. Different information. @tryquantio #QuantAIPioneers https://t.co/rJDKmjdiTF