A massacre in the cryptocurrency circle conspired by greed, algorithms, and human weaknesses.
One, the market maker's "slaughter assembly line": The full process of harvesting from launch to zero.
Pump cost < Harvest profit = Retail investors lose everything
Phase 1: Hype period (72 hours before launch)
The market maker creates a false impression of a "whale entering" through cross-chain transfers (actually self-buying and selling).
Social media floods: Hiring KOLs to release "insider information," suggesting that the project has a certain celebrity endorsement or institutional investment.
Falsifying GitHub code submission numbers and fake user growth data (e.g., a certain MEME coin claims "one million users," but there are only 3,000 holding addresses).
Phase 2: Pumping period (first hour after launch)
Use iceberg orders to pull up prices in batches, creating a false impression of "flooding buy orders" (e.g., pushing the price from 1U to 2.5U within 5 minutes).
The joint exchange causes "server lag," triggering retail investors' FOMO emotions.
Leverage trap:
Open high-leverage contracts to induce retail investors to go long at high prices.
Phase 3: Selling period (4-6 hours after launch)
Precise blasting:
When the long-short ratio of Binance contracts reaches 7:3, sell spot at market price, triggering a series of long liquidations.
Utilize positive funding rates (>0.3%) to continuously drain longs.
Public opinion coordination:
Release negative news such as "team unlocking tokens" and "regulatory risks" to accelerate panic selling.
Two, the retail investor's fatal weakness: The market maker's favorite "human ATM" model
1. FOMO addicts
Behavioral characteristics: Price rises 10% → "Missed the chance to get rich!" → Go all in.
2. Leverage gamblers
Behavioral formula: Principal 100U → 25x leverage → fantasizing to earn 2,500U
Contract data shows that users using 20x leverage have an average survival period of only 9 days.
3. Information refugees
Typical performance: No due diligence is done, ignoring on-chain data, with a huge information gap.
Three, anti-harvesting guide: How to cut the market maker's meat with the market maker's knife? Strategy 1: Ambush short signals
Key indicators:
Contract long-short ratio > 5:1 → Reverse opening shorts with a winning rate over 70%
The top 10 holding addresses account for > 60% → Strong evidence of market maker control.
Operational template:
1. On the first day of a new coin's launch, the order price is set 5%-8% higher than the opening price (the target price for the market maker).
2. Open a 25x short position, set staggered take profits (close 20% for every 3% drop).
3. When the funding rate > 0.1%, increase short positions (the market maker is about to dump).
Strategy 2: Blitzkrieg sniping
Applicable scenario: The first pullback after the market maker's pump (usually a decline of 15%-20%).
Toolset:
Conditional order: Set to "automatically open short when breaking the support line."
Only reduce positions mode: Prevent reversing positions after liquidation.
Strategy 3: On-chain reconnaissance
Core tools:
Nansen: Monitor market maker address transfer behaviors (e.g., token transfers to exchanges 48 hours prior).
DeBank: Track changes in Smart Money positions.
Counter-killing logic:
When you notice the market maker's address transferring coins to Binance, ambush reverse contracts in advance.
Four, survivor's discipline: The three iron laws of picking gold from the meat grinder.
1. Leverage control:
Principal ≤ 1,000U → Leverage ≤ 20x
Principal > 1,000U → Leverage ≤ 5x
2. Time circuit breaker:
Daily operations ≤ 3 times, with a single profit > 30%, immediately stop trading.
3. Profit locking:
For every 500U earned, withdraw 50%.
Five, the ultimate question: Are you brave enough to be the "anti-harvester"?
Immediate action:
1. Delete all contract orders with leverage above 20x.
2. Monitor on-chain movements; you might try pinning the comments section to join the aggregation community for free.
3. Forward this article to that brother who always urges you to go all in; he might be getting harvested by the market maker!
Risk warning: High-leverage trading may result in total loss of principal; do not invest funds you cannot afford to lose.