@rockgosse
As of September 2025, crypto liquidity is robust, with a $4.2T market cap, $38.9B daily BTC volume, and tight spreads (e.g., 0.025% for ETH), fueled by institutional ETF inflows. However, token unlocks may cause short-term volatility in altcoins.Market makers' roles have evolved to include advanced algo strategies, DeFi integration, and stricter regulatory compliance (e.g., MiCA licenses), shifting from pure liquidity provision to ecosystem partnerships and risk management.