Patrick-妖币大统领

$BTW 's market maker is in a bit of a bind now: the buildup has gone on too long, and the other side has gone numb.

No matter how much they pull or dump, there just isn't much opposing order flow. Without short positions, how can the core long position make a profit?

How do you attract the other side? The only way is to create sharp swings and volatility to draw traders in.

Based on this basic logic, every major pullback is a good time to add to your position. #BTW For example, when you see this post, if you saw the market maker this morning trigger liquidations and push the price from 1.8 to 2.0 within a minute, you can tell another move is underway. Follow it and hold on.

Nothing gets pumped or dumped for no reason. Let's keep that in mind.

A little something beyond trading: when you're overseas, you can play the international version of Honor of Kings.
There are lots of players from other countries here. There's a national flag under each player's avatar, so you can tell where they're from.
Most players are from Southeast Asian countries like Thailand, Malaysia, Vietnam, and Singapore. It's rare to see players from Europe or the Americas; I guess they're also overseas Chinese playing abroad.
No discrimination based on nationality—after hundreds of games in the overseas version of Honor of Kings, I've run into all kinds of teammates. Here's what I've noticed:
Chinese players are generally pretty switched on and coordinate relatively well. They've probably been put through the wringer by the domestic version, so we can team up and stomp the weaker players overseas.
Malaysian players: I feel like Malaysian Chinese players (you can tell they're Chinese from their names) are generally pretty good. But if you see a Malay girl wearing a headscarf in her avatar, or a Malay guy with a very unconventional selfie, you might as well surrender at the start of the match.
Singaporean and Hong Kong players like to hang back and are especially afraid of dying. I've often seen our whole team get wiped out in a team fight while the Singaporean and Hong Kong players quietly farm monsters in one spot. That cautious, money-making attitude carries over into the game. They don't help or hurt much—so long as they don't feed, that's a win.
Indian players are the most extreme of all: the good ones are unbelievably good and can carry the whole team by themselves. But 90% of Indian players seem to have their brains switched off: either they charge recklessly and feed, or their mechanics are terrible and they wander around in a daze the whole game.
Once, I queued solo for three games in a row and got teamed up with four Indian players each time, while the other side had five Indians too. I started wondering what was going on with the world—I can't even get away from Indians in a game.
Indonesian and Filipino players are all about playing casually. They don't make much of an impact, much like their countries' standing. If you run into them, you're on your own.

There are some really good players, like Australians and Europeans, who are probably overseas Chinese. Some are incredibly skilled. If I happen to get one on my team, I'll add them as a friend so we can play together.

Also, $AGT keeps getting pulled back and forth, and I'm still keeping an eye on it; the market maker on $BR has been shaking people out really hard. Can someone do something about it? That's where I've lost the most.

From yesterday to today, as Bitcoin got dumped and then pumped, $AGT got shaken out hard. I stuck to my own view and didn't exit, though I didn't stick to it completely—I didn't add to my position at the lows.

I just closed my long positions because I saw that the longs from the past 12 hours had been liquidated. I expect more back-and-forth volatility, so I'll wait for a lower level to get back in.

$AGT ’s market action vaguely brings to mind the early days of $AKE and $BTW : repeated swings, first liquidating shorts and then longs. This morning, a move from 0.115 wiped out all the shorts and then started liquidating longs. Smart-money data currently shows around 1.6 million in short losses, with entries around 0.047. I opened a long, betting that this market maker isn’t done yet. The volatility is so high that my own long position got shaken out yesterday. Do your own research. NFA

I ended up going too heavy on longs. I can't beat the market makers, so I might as well follow them and take a cut.

#nil $NIL @Nillion I’ve been actively trading and following @Nillion . I used to be very bearish, but recently I saw that they launched a new product, Covenants, which I think is an innovative direction worth watching.
The core idea behind Covenants is to keep trading instructions encrypted until predefined conditions are met, then unlock them.
Dusk, the first product built on Covenants, brings this concept into real-world use.
What does this mean?
Imagine that in the future, DeFi users can set private stop-loss orders, conceal their trading intentions, or execute automated trading strategies without exposing all their information in advance on a public blockchain. This greatly reduces the risk of whales being targeted and also better protects their privacy.

As for trading, since @Nillion is willing to spend money to run campaigns on Square, I think the token price is bound to perform well. Otherwise, they’d just be shooting themselves in the foot, right? Bullish in the short term; in the long term, it depends on how the product is received.
That’s all. #NIL $NIL

Failed. Don't trade against the market maker; the position has been closed at a stop-loss.

I'm back. When I got up today, I saw $AGT surging on heavy volume and breaking above its previous high. From the heatmap, it looks like all the shorts have been wiped out, so I expect a short-term pullback and opened a short position. I'll see whether retail traders follow.

The president has been relatively quiet lately. One reason is that the market had climbed too high a while ago. Also, with the Token 2049 conference taking place, project teams and market makers all attended, so the more volatile coins quieted down for a while. I haven't been trading much either.

Let me talk about what happened yesterday. I had a short position on
$DOS
opened at 0.32. But when the market price was 0.21, Binance ADL'd my position at an execution price of 0.38.

I checked Binance's terms, which clearly state:

"1. Profitable traders' profitable contract positions will be liquidated through ADL according to the liquidation priority ranking.
2. Positions with high profits and high leverage will be prioritized for ADL, followed by positions with low profits and low leverage."

I have two questions:

1. If ADL was applied to an unprofitable position like mine, does that contradict the official documentation? How can this be explained?

2. Was the official insurance fund exhausted before ADL was carried out? Please explain.

Quite a few users were affected by this yesterday. I believe very few are willing to speak up. If you were also forcibly ADL'd last night $DOS , please reply to this post so we can discuss the next steps with Binance together.

@CZ @Yi He , if you have time, could you take a look? Honestly, as a longtime Binance user, I'm really exhausted. We had 1011 last year, and now it's happening again on 1013 this year. #DOS

It’s likely that we’re entering a period of a deep pullback, and the market makers of Yao coins will take a breather.

In the recent time, you can consider opening some short positions as appropriate. Tokens that have risen a lot in the earlier period can become the targets.

The $龙虾 shrimp I sold too early pumped in the middle of the night, while the #NMR $NMR and #RLC $RLC I held hit their stop-losses. I'm such an idiot.

I made the wrong call... I thought there'd be a pullback.

It's over, it's over. My position is gone...

Sigh.

I spotted RLC late and only saw it in the afternoon. After checking the candlestick chart and funding rate, I confirmed it would shake out traders before a big rally.

Held it for about 2 hours and took profits first; let's see how it goes from here. #RLC $RLC

The famous #polymarket uses #UMA as its oracle under the hood. This token has been dumping all the way down to the bottom at 0.3. I bought a 2,000 long as a lottery ticket.

Strangely, the funding rate has already turned negative. I don't know whether it was opened by the market maker or retail traders.

I just couldn't resist shorting this turd. I generally don't recommend shorting, but all the indicators suggest it's about to tank.

$AIN is starting to surge rapidly. Watch for 0.077—if it gets there, remember to open a short for a quick trade. A note to myself and everyone.

Next, focus on two asshole coins. One is $CARV , and the other is $NIL . Both are coins that have been heading downhill together. Of course, I don’t encourage shorting them—I'm just looking to see if there’s a chance for a short-term wave.

Forgot to post it here. I received it at around 0.052 and placed a staggered long order.

0.071 has already been reached, there will be a pullback

Keep taking it, see what the pros do later. $AIN Next position 0.071, Air Force, good luck to yourselves #AIN