Ahmed, Walid M. A. - In: Financial innovation : FIN 10 (2024), pp. 1-32
This study aims to identify the factors that robustly contribute to Bitcoin liquidity, employing a rich range of … fundamentals, and global stress and uncertainty. To construct liquidity metrics, we compile 60-min high-frequency data on the low … that the realized volatility of Bitcoin is the sole variable relevant to explaining liquidity. With the Sala …