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Good
Liquidity to Volume ratio (CO/Vol based) on this market is good, and volume seems to be accurately represented.
Average
Liquidity to Volume ratio (CO/Vol based) on this market is average, reported volume by exchange can be higher, than it is in reality.
Bad
Liquidity to Volume ratio (CO/Vol based) on this market is bad, there is high probability that volume is inflated (e.g. wash-trading), or market isn't liquid enough (low volume exchange).
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