The cryptocurrency market experienced a difficult start in Q1 2025 with widespread liquidations and weakening investor confidence.Ethereum had one of its worst quarterly performances since 2018, while Bitcoin also contributed to the market downturn.The market's poor performance resulted in a thinning of liquidity as traders pulled back from high-risk assets, creating challenges for Q2.Optimism is building for a potential recovery in Q2, with expectations for important SEC decisions on crypto ETFs and potential interest rate cuts.