Buddy King fLAU

$LAYER Let's review $layer, I have been stuck at a low position for two months now, during which there were two opportunities to break even, but due to a small position and the temptation for profit, I did not close my position.

Yesterday during the day, I suddenly noticed that the funding rate for layer started to turn negative. Most of the time before, it was positive because the market makers had held long positions, which is why the rate was still positive in the futures ratio on 3/7.

At that time, the negative rate was low, including Liangxi calling for shorts, speculating that there might be more people going short, which also showed in the liquidation map. So I had a hunch that the market makers might pull the price up to capture the liquidity above.

However, apart from blowing up Liangxi, they did not capture the liquidity above, and the negative rate has been maintained and started to rise.

From the deviation and changes in contract open interest and total value, it was found that the market makers are gradually closing their long positions, and a large unlock (12.5%) is expected on May 11.

By noon today, the change in total open interest combined with the negative rate directly resulted in -2%. The number of longs and shorts is gradually balancing, approaching the situation on 5/5, yet the rate is still -2%, and the ratio of open positions is relatively high in shorts, which almost confirms that the market makers are building a large number of short positions and are about to harvest.

Unlike OM, the market makers did not dump the price quickly. I feel that there are more people going short, so they want to use the illusion of a rebound at a -2% rate to force the shorts to exit. After all, most people are stuck, and the pressure of the -2% rate is too high.

Even I had the idea of hedging, but with Binance's new rules, it will later become -2% per hour, which will shorten the time for market makers to short and dump the price. Therefore, I would rather pay the rate than hedge.

Sure enough, once the rate passed, the market makers quickly dumped the price from 2.4 to 1.9, and my pending order was also filled.

The rules modified by Binance not only balance longs and shorts better but also allow market makers to dump the price faster, as the cost of washing the market to lure in more longs has increased significantly.

Including the subsequent futures trading volume of this coin will also be significantly reduced, as the risk of the hourly rate is high, and small positions can no longer withstand long-term holding.

The counterparty is your friend; those on the same side as you are the enemy.

$LAYER found that most of the content quality on Binance Square is very poor, either matrix or random guessing.

Fool's Matrix, can you still look at the indicator K-line with a single-player coin?

The previous low is fine because there isn't much liquidity below, unless we sell off like with OM, but I feel it might not be that quick.

$LAYER Currently, opening a long position can earn a funding rate of 1.43% for one more day, and there is no liquidity below the sell-off. There is liquidity of several million dollars around 3.5. From the perspective of the market maker, maximizing profit is the priority. Open a long position with a stop-loss; everyone should just observe and not follow. Mining cryptocurrency is too difficult and not suitable for the average person.

From the clearing heat map, it is very clear that the price fluctuations are all aimed at consuming the liquidity on both sides.

BTC has started to show a top divergence, following the liquidity of the futures market. Some individuals still draw indicators for single coins, while over ninety percent of the chips are in the hands of the project team, and you still draw lines for everyone? There are all kinds of idiots in Binance Square.

Don't harm others anymore. What indicator are you drawing for this coin? Can a standalone coin view indicators?

Currently, opening a long position for one more day can incur a funding rate of 1.43%, and there is no liquidity below the drop, while around 3.5 there is several million dollars of liquidity. Thinking from the perspective of the market maker, maximizing profits is the goal. If you open a long position with a stop loss, just observe and don't follow; solo mining is too difficult and not suitable for ordinary people.

$LAYER First, we need to understand one thing: the price surge of coins with low circulation and high control is mainly due to the abundance of opposing positions. The goal is to take advantage of the liquidity of the opposing positions. OM has also maintained for a year before starting to dump, rising dozens of times, simply because there were too many opposing positions, with all the chips in hand. The completely empty liquidity can easily cover the transaction fees of the price surge. Currently, with this funding rate, a few percentage points of position per day, the project party cannot dump; it merely sweeps the stop-loss of those who are long, then诱空 (inducing short selling) to accumulate liquidity above. This allows for a better short squeeze. Stop-loss for short positions equates to buying tokens at a higher price to repay. If it wants to continue rising, the liquidity must be clustered above.

After enduring for more than a year, currently with this layer's fees, a few days of positions will be gone. With so many opposing positions, it's impossible for it to drop immediately.

Yes, the dealer is afraid of not having an opponent's bet.

Yes, very supportive. I have been stopped out many times. Shorting those high liquidity and high market cap stocks is more certain.

Are you still looking at technology for single-player coins?

Just to add, currently this rate means that even if you're not afraid of liquidation, the cost of holding a position for a few points a day will be gone in a few days.

$LAYER reprinted Teacher Ao Ying's This coin cannot be shorted, even凉兮 Ao Ying can't do it, if your position is large, it will directly liquidate you, the project party has delayed the unlocking to control the market, so these chips are basically in the hands of the project party.

Why go long? Look long but don't go long?

Retail investors without chips will only be harvested when competing against the big players.

$STO Sideways movement doesn't necessarily mean a drop; it's highly likely to be a bait for short positions to attract liquidity clustering, just like last night. Fortunately, I closed at 0.19 last night. From the funding rate, it can be seen that the short position ratio is over seventy. Initially, the funding rate was negative, which is normal, but suddenly it turned positive this morning, and the futures open interest has increased, indicating that the market makers are gradually starting to go long.

$STO to 0.23 can liquidate more than 3 million liquidity, of course this is not the top, if there is more liquidity added later, it will go up, so your counterparty is your friend, and those standing next to you are the enemies. So many people are shorting, why should I short it!