After CZ announced the name of the dog, in just a few minutes, hundreds of coins with the same name appeared on the chain, filled with conspiracy and scams. Which one is the dragon one? Retail investors tend to buy the one with the highest market cap, 0x6d5ad1592ed9d6d1df9b93c793ab759573ed6714 quickly pushed the market cap to 400 million in just 10 minutes, attracting attention and acclaim. However, it then continued to drop. The following image is a screenshot of the holdings at 0:30, with the mouse warehouse holding 45% of the positions. The top 10 holders were basically all mouse warehouses. The previous rapid price increase was also due to the large holdings of DEV, resulting in a shallow pool, with manipulated trading inflating the trading volume. The buying of countless retail investors became the fuel for the mouse warehouse's exit. From my observation, the mouse warehouse reduced from 45% to 25% in half an hour, and from 25% to 15% in less than ten minutes. The retail buying was extremely frantic. By 5 AM this morning, the mouse warehouse finished unloading, and the retail investors were bloodied by 40 million dollars.
Subsequently, the whales began to take over the market. CZ said he wanted to see which coin could win in the PVP competition, so the Broccoli token, which had the highest market cap and attention, was expected to list on Binance. The whales were also waiting for the mouse warehouse to finish unloading. The mouse warehouse completed its unloading at 5 o'clock when the market cap was also at its lowest of 30M.
Since retail investors can't do the mouse warehouse and have experienced a night of confusion and bloodshed, how can they control the bottom fishing points and become masters of bottom fishing? Next, we analyze the bottom fishing operations of the top 10 addresses (excluding liquidity and exchange addresses, analyzing 8 actual addresses), which can provide insights into bottom fishing techniques:
Let's first look at the K-line analysis of three key time points:
● 0:10-0:20 This is the first 10 minutes before trading starts, and the market cap was quickly pushed up to 400 million. Many retail investors chose to buy this token to find the dragon one, which was also the buying time for most retail investors who were bloodied.
● 00:20-0:30 The mouse warehouse began to sell off in large quantities, and the market cap reached its lowest point of 10M. At this time, the mouse warehouse still had 45%, and liquidity became very poor. Buying at this time is very risky. If the buying pressure does not keep up, and the mouse warehouse sells quickly, the market cap will return to zero. However, this time also belongs to brave risk-takers.
● 05:00-07:00 During this period, the market cap stabilized around 40M. At this time, the mouse warehouse had already exited, and retail investors, after experiencing a night of bloodshed, finally welcomed the moment of switching to a new market maker. It was already late at night, and those buying at this time were patient investors.
Address 1. 0x810c6f3f0ab779b79b96aa0efebdd6dd04d5fc01 Second largest holding address, profit 910,000, retail hands.
The address started extracting 1.6M from OKX at 10 PM last night in preparation for bottom fishing and ultimately bought 5.6M, becoming the largest holding address, currently profiting 910,000. The bottom fishing of this address aligns with the operation methods of the vast majority of retail investors, buying at the peak, then at 0:37, when the market cap was at its lowest of 10M, they did not dare to bottom fish, and then continued to bottom fish between 1-3, with the second wave of position increase after 12 o'clock. Although the method is very retail-like, the boss has infinite bullets, and in the end, still made a profit of 19%.
Address 2. 0xb389b8caaedcd0231780a30e5b6aec6b6ceb970f Fourth largest holding address, profit 3.1M, diamond hands, master of bottom fishing.
This address extracted BNB worth 2.58M from Binance at 10 PM last night, preparing for bottom fishing, and was waiting for the bottom fishing point. When it reached the lowest price at 5 o'clock, it began to bottom fish 1.1M, achieving precise bottom fishing.
Address 3. 0x88870b5a41b88d4e2304ce6a9308d0db3fe00521 Fifth largest holding address, profit 1.6M, a mix of risk and prudence.
The first wave of buying occurred between 0:15-30, which belongs to the operations of most retail investors, but also bravely bottomed at the lowest point. The second wave of bottom fishing occurred after the mouse warehouse had finished unloading at 5 o'clock, representing prudent bottom fishing, thus the profit margin reached 258%.
Address 4. 0x8d73a36d78e2ae4a437053c9ce3be70d483ab74d Sixth largest holding address, profit 920,000, risk-taker.
The accumulation of positions concentrated between 0-1:30. When the mouse warehouse had a high proportion, the sharp drop still led to an increase in positions, which involved a degree of risk, but it could also indicate strong optimism.
Address 5. 0x505d2fb9fbd40758e3a1fc059d1e4daf1374e933 Seventh largest holding address, profit 1.3M, smart risk-taker.
Successfully bottomed on the right side of the lowest point, although not so steady, but still a perfect bottom fishing.
Address 6. 0x5e4861c4390788abbc272a877204fcd1b6a70041 Eighth largest holding address, profit 1M, master of bottom fishing.
At around 1 o'clock, the first wave of bottom fishing was executed, and around 5 o'clock, the second wave was executed, making them a master of bottom fishing.
Address 7. 0x1259bcae23789abb7b8601c0c9a6faa735a168bb Ninth largest holding address, profit 1.1M, smart risk-taker.
At 0:30, the first wave of bottom fishing was achieved. The bottom fishing was successful, but there were risks. There was no subsequent increase in positions, reflecting a resolute investor.
Address 8. 0x6e2429640cd138f2752e73fc4117cedcd0c6ebff Tenth largest holding address, profit 780,000, prudent bottom fishing.
The bottom fishing was relatively dispersed, but it inevitably included buying at the peak, and around 5 o'clock, the second wave of bottom fishing was realized.
Summary:
1. Addresses 2 and 6 are both masters of bottom fishing, accurately grasping the bottom fishing points.
2. There are also risk-takers represented by address 7, who bottom-fished at the most panicked moment of the market cap.
3. Addresses 1 and 2 both prepared by transferring BNB out of exchanges ahead of time for bottom fishing, becoming prepared individuals.
4. Their approaches in addresses 2 and 7 for bottom fishing are relatively resolute, achieving precise bottom fishing in a short time without a second increase in positions, and they continue to hold.
5. Most addresses would increase positions at around 1 o'clock and 5 o'clock, choosing a steady operational approach.
6. Buying at the peak is also an unavoidable mistake for smart money, but the key lies in position control and incremental buying.
7. The highest profit among the top 10 addresses was only 3 times, so the secret to making money is not due to insider information but because of the willingness to take heavy positions.
Your attention/likes/shares are the greatest help to me, and I will analyze the tactics of DEV later.
