The market maker's magic often hides in the 'wash trades' you can't see! Today's SOL market is filled with a strong sense of 'fake protection'!
Brothers, do you smell that? It’s the strange scent on the SOL market! At first glance, there's a huge 'buy wall' at $146.5, a full 210,000 SOL! Newcomers see this and think, wow, the main force is protecting the price, it’s stable! But when I looked at the on-chain data, this isn't a protective Great Wall; it's just a piece of rag painted with a Great Wall pattern! Why? Because over 70% of these orders are tricks created by the market maker themselves, just a smokescreen to fool people!
The real killer move is actually hidden deeper—at $139.38! Do you know what's buried there? A super large order of 5 million SOL, waiting like a bomb! As long as the price dares to drop to that point, it will be a bloodbath! Why is the market maker currently keeping the price movements so tight? It's to hold back a big move, waiting for the options market settlement at 8 PM tonight! That will be when the most liquidations happen, and the harvesting will be the most bountiful! Just thinking about it gives me chills.
Decoding the market code (The Market Maker's Three Blades):
First Blade: Fake bait (around $160): Do you see that tiny bit of 'sell orders' hanging around $160? Just a little over a hundred SOL, it’s almost a joke. This is deliberately set up by the market maker to trick those brothers who are looking to short based on technical charts! Think they can push the price down with this small order? No chance! Not even a fly would be killed! It's pure fishing enforcement!
Second Blade: Fake protection ($146.55): This is the 'protection Great Wall' mentioned at the beginning. Does the more than 50,000 buy orders look intimidating? It's all trading volume generated by the market maker themselves, and every transaction feels like they are secretly draining our retail investors' blood! Creating a false impression that 'it can't go down', just waiting for you to let your guard down or rush in to take over!
Third Blade: Big Killer ($139.38): The 5 million SOL nuclear bombs from on-chain big shot 0x7a3 are already in position. If the price really crashes to this point, it will be catastrophic, resulting in a chain reaction of liquidations! This position is the slaughterhouse set up by the market makers!
Why is it so lifeless now? What is the market maker waiting for?
The answer lies in the options market! Tonight at 8 PM is an important options expiration date. The market maker is desperately holding down the price to prevent movement, just so that at the moment of settlement, as many counterparties as possible will get liquidated, allowing them to profit big! The calmer it is now, the more brutal it might be later.
On-chain alert:
Thunder One: Wall Street's sickle has arrived! The ProShares ETF that shorts SOL has seen a sudden influx of funds increase by 680%! This clearly indicates that institutional big money also wants to take advantage of the market maker's moves and short SOL along with them, cutting into our profits!
Thunder Two: The whale is sharpening its knife! Have you noticed? A whale has deposited a full 820,000 SOL into Binance! But only 50,000 sell orders are on the market. What about the remaining 770,000 SOL? I bet most of it is lying in ambush near the $139.38 'mass grave', waiting to go on a shooting spree as soon as the price hits!
Thunder Three: A paper coffin! The money everyone has bet on the SOL contract (open interest) has piled up to $2.3 billion, which is terrifying! But the actual trading volume has shrunk by 83%! What does this mean? It means that for every $100 million bet, only $2.1 million is real money in circulation. This is a death game using a paper coffin to hold the living! A light poke from the market maker can trigger an avalanche!
The technical side is also showing red lights:
Key positions are filled with danger: $160 is a false breakout top, $146.5 is the market maker's cost zone, $139.38 is a powder keg.
The scariest signal: The price volatility of SOL over the past 30 days has hit a historic low! Looking back through history, every time this has happened in the past three years, the average drop within 7 days was 63%! Now this still water is the calm before the storm!
The commonly used strength indicator RSI is now hovering in the half-dead range of 40-45, which is not a bottom signal; it looks more like a breather in a downtrend, with possibly more severe declines ahead!
Personal strategy:
