What is Liquid Market?

A liquid market is a market that possesses strong liquidity. Liquidity refers to the ability to buy or sell an asset at the current market price without affecting it. Orders on liquid markets should execute immediately — or shortly — after an order is placed. Examples of liquid markets would include stock, commodity, and fiat currency trading — as well as most large-cap cryptocurrencies. In general, less liquid markets would include fine art and real estate, which typically don't have as many participants and can't be sold without waiting (weeks or more) or altering the asset price.