$BTC The trading market is composed of liquidity controllers and retailers, rather than simply long and short positions. The price fluctuations forming the center are essentially a product of the game between buyers and sellers. The main players create a balance zone through two-way quotes, attracting retail investors to participate in short-term bets.
The true main players are called "quote and withdrawal"; they do not predict the direction but focus on volatility—since a lack of volatility will lead to a decline in retail enthusiasm. For example, the main players maintain the range fluctuations by squeezing prices; if the fluctuations last too long, retail trading willingness decreases, and the main players will actively withdraw orders to create a liquidity vacuum (such as pulling key price level buy or sell orders), forcing the price to break out in one direction (such as selling pressure dominating the decline or buying pressure pushing up), thus restarting market fluctuations.
Institutions are merely big players manipulating local liquidity in the short term and cannot dominate the market in the long term. Once the direction is wrong, like retail investors, their liquidation will similarly trigger a stampede-like chain reaction (such as collective short covering leading to passive buying and price increases, often mistakenly seen as main players entering the market).
The true main players (quote and withdrawal manipulators) do not stop loss, do not judge direction, but manage risk through hedging and create liquidity by placing orders in target areas, thus forming a vacuum area. Their core goal every day is singular: to hunt retail investors and take out your stop loss.
The content written by this ID combines technical theory with market-making strategies to give direction to trends—quote and withdrawal are merely tools for the main players to provide initial momentum for the trend.