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Stablecoins, ETFs, OTC seen as key crypto liquidity metrics in 2026

Liquidity has become a key variable for investment decisions as crypto market depth varies widely by asset and can dry up quickly during shocks. Daily spot volume at major exchanges is expected to exceed $100 billion in 2026, while stablecoin supply rises to $320 billion, but trading conditions remain uneven. Futures dominate overall activity, institutions account for most volume, and OTC trading grows. Stablecoins and spot bitcoin ETFs also influence flows and price impact.