The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

From being unpopular at the beginning, Bitcoin can now be traded on hundreds of centralized and decentralized exchanges at the same time. It has now become an advanced element of the world's modern financial system. Although all exchanges trade Bitcoin, the ways provided by major exchanges for Bitcoin trading are completely different. This also makes the circulation rate of Bitcoin in various exchanges uneven. Some exchanges have extremely strong circulation rates, while others have very few. Based on these data, investors cannot determine whether Bitcoin has strong liquidity at all? It is understood that Bitcoin has relatively strong liquidity. According to the summary information, 19,443,731 Bitcoins have been mined so far, with a circulation rate of 92.59%. The following is an analysis of Bitcoin by the editor of the currency circle. 

 Is Bitcoin Liquid?

Bitcoin has strong liquidity, with a circulation rate of 92.59%. Currently, 19,443,731 Bitcoins have been mined. Bitcoin is a digital currency available worldwide and can be traded over the Internet at any time, which makes Bitcoin have advantages in international trade and cross-border transactions.

The Bitcoin market is open 24 hours a day, with no opening and closing times, which means that users can buy and sell Bitcoin at any time, enhancing its liquidity. Moreover, Bitcoin is a decentralized currency based on blockchain technology and is not controlled by a single institution or government, which makes Bitcoin relatively censorship-resistant and independent.

Bitcoin can be transferred quickly and easily through digital wallets, which reduces the complexity and time cost of transactions and helps improve liquidity. In addition, the total supply of Bitcoin is capped at 21 million, and this scarcity may stimulate demand for Bitcoin, further improving its liquidity.

Unlike stocks, there is no corporate balance sheet to refer to when evaluating the value of Bitcoin. Instead, Bitcoin is more like other commodities and its price is affected by basic supply and demand. In addition, it is also affected by other factors, such as total circulation, the distribution of long-term and short-term investors, the mining process, and other unquantifiable factors.

 Does Bitcoin have the characteristics of a medium of circulation?

Bitcoin has the characteristics of a medium of circulation to a certain extent, but its main design purpose is to be a digital asset or value storage rather than a traditional currency. Here are some aspects of Bitcoin as a means of circulation:

1. Online transactions: Bitcoin can be traded quickly and easily on the Internet. Many online merchants and service providers accept Bitcoin as a means of payment, including ordering goods, purchasing services, and trading digital goods.

2. Global transactions: Bitcoin's borders are virtual, so it can be used for international trade and cross-border transactions. This makes Bitcoin a means of trading on a global scale without worrying about currency conversion and exchange rate fluctuations.

3. Transfers between individuals: Bitcoin's decentralized and quickly transferable characteristics make it an option for cross-border transfers and small payments between individuals.

4. Digital characteristics: Because Bitcoin exists in a blockchain network, it can be easily stored, transmitted, and verified in digital form. This digital characteristic makes Bitcoin more convenient in an online environment.

All of the above is the answer to the question of whether Bitcoin has strong liquidity. Bitcoin's liquidity is gradually increasing worldwide, but it may still be subject to some restrictions in certain environments. For example, Bitcoin's price fluctuates greatly, which may make some merchants and consumers feel uncertain when accepting or using Bitcoin, and different countries have inconsistent regulations and supervision of Bitcoin, which may affect its liquidity in some regions. Therefore, investors and users should pay attention to the relevant risks and regulatory requirements when using Bitcoin. It should be noted that although Bitcoin has some characteristics of a means of circulation, it is currently more regarded as a digital gold, that is, a value storage tool, rather than a traditional currency.