For most of bitcoin's existence, what appears to be volatility is just the market trying to determine the price of a new asset. But even as it's become more widely adopted it seems that the biggest downward driver on price is bitcoin's liquidity.
Understanding Bitcoin liquidation, it is the significant narrow determining the values of Bitcoin market square which is being tied on volumes of adoptors.
The liquidity of Bitcoin is not as fact of being a barrier in the market but a volatility movement that holds its purchases affairs effectively.
Although we have high liquidity which creating positive impacts and low liquidity for negative impacts for traders and investors cited in the market while executing transactions.
So, be aware that this liquidity characteristics on Bitcoin market is either attracts Downwards or Upwards that is why Bitcoin is a volatile currency.
When markets drop in property, stocks, forex or even altcoins - bitcoin drops.
Bitcoin is shaped to have its economy challenges at its blockchain which is the liquidation and number of adoptors and not tied on the stock or economy structures.