I. The 'Nine Yin Manual' of Volume-Price Divergence
Core Logic:
Divergence is the last message the market tells you; those who can't understand become sacrifices.
Three Major Death Patterns:
1. Top Divergence (Bull Market Tombstone):
- Price makes a new high, but trading volume shrinks → Like a marathon runner's heartbeat dropping suddenly at the final sprint
- On-chain Evidence: Surge in net inflow to exchanges + Decrease in giant wallet dormancy rate
2. Bottom Divergence (Bear Market Trap):
- Price makes a new low, but funding rates turn positive → Like a drowning person struggling with an oxygen tank underwater
- On-chain Alerts: Stablecoin market cap increases + Open interest in futures decreases sharply
3. Hidden Divergence (Ultimate Scythe):
- Price is sideways, but exchange stock continues to decline → The market maker has quietly shifted the battleground
- Operation Signal: Immediately check the top ten addresses' holding changes
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II. Wyckoff 2.0: Decoding On-chain Data for Market Makers 'Morse Code'
Upgrade Skill Set:
1. Accumulation/Distribution Detector:
- Accumulation Period: Decreased price volatility + Large on-chain transfers to cold wallets
- Distribution Period: Increased social media heat + Net inflow to exchanges surges by 3 times
2. Liquidity Hunting Radar:
- Market makers hunt stop-loss zones = Recently dense trading area ±3%
- Case: If the price oscillates between $50-$53 for two weeks, the probability of a crash at $49.5 and $53.5 is +80%
3. On-chain Sentiment Compass:
- Giant Whale 'Panic Index' = Shortened average interval time of large transfers → Countdown to a trend reversal
- Retail 'Greed Index' = Concentration of small address holdings exceeds threshold → Contrarian Indicator
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🔑 Survival Toolbox
1. Divergence Sniping System:
- Discover Top Divergence: Go short + Set stop-loss 1.5% above previous high
- Discover Bottom Divergence: Go long + Set stop-loss 1.5% below previous low
- Discover Hidden Divergence: Liquidate and wait
2. Wyckoff On-chain Trilogy:
- Monitoring Tools: Glassnode 'Net Positions of Exchanges' + Nansen 'Smart Money Trends'
- Alert Rule: When both reverse fluctuations exceed 48 hours → The main force is setting up traps
3. Anti-human Behavior Operation Method:
- When wanting to 'buy the dip' → First check if there are more than 3 shadows (market maker testing support)
- When wanting to 'take profit' → Observe if futures funding rates are extreme (hold gains to take the last madness)
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🌰 Real World Mapping
- Top Divergence vs Concert Scalpers:
Ticket prices skyrocketed but the queue size decreases → Sign of a collapse
- On-chain Accumulation vs Ants Moving House:
Retail investors' chips are scattered into cold wallets by giant whales → Ants climbing trees before a heavy rain
- Liquidity Hunting vs Animal Traps:
Market makers set stop-loss traps at key points → Like hunters using bait to attract prey
（Note: The market kills the greedy with divergence and strangles the fearful with consistency. Your weapon is not prediction, but submission to the rules.）
