Crypto Liquidity Rewritten: How Capital Moved in 2025 and Where It’s Headed in 2026
As 2026 unfolds, the next phase of liquidity looks less speculative and more macro-driven, with U.S. dollar conditions, balance sheet expansion, and derivatives markets set to play a decisive role. For investors, the opportunity is no longer about chasing beta, it is about positioning for where liquidity stays.
