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BTC is pretty liquid. Tens of millions change hands hourly/daily.

The linked article even cites one hodlr that purchased a professional hockey team with his crypto profits.

$550M on just the Coinbase BTC-USD book in the past 24 hours. $1B on Bitfinex. Liquidity is currently very strong.

That is trading volume, not liquidity. And we should be wary of the trading volume on bitcoin exchanges, a lot of it is manipulated. (In particular, I would never trust any numbers coming from Bitfinex)

Coinbase is not a sketchy exchange by any means, and while I'm cautious about Bitfinex their volume is quite believable given they are the default choice for non US persons.

That's also why I quoted USD, if you include crypto-crypto volume and some of the zero fee exchanges it definitely becomes nonsense.

Ok...last 10 minutes proved your point. That was bananas.

What happened?

Coinbase added Bitcoin Cash to GDAX.

BTC plummeted from mid $17.8k to $14.9k in 15 minutes, now back to $16.6k. ETH from $857 to $700 same period, back to $771 now.

Good times...

Isn't there only 16m currently in circulation?

Edit: ah did you mean dollars?

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