Investment Memorandum - Why You Need Market Maker Thinking

In this illiquid market, retail investors are like a flock of sheep. We cannot be sheep, nor can we be blind attacking wolves; instead, we should be the jackals behind the market maker tiger.

The market is always right, but the crowd is always wrong. Our task is to find the moment when the crowd makes a mistake and then stand on the opposite side of them.

The cryptocurrency market is a carefully designed hunting ground. If we do not understand the traps, layouts, and rules of this hunting ground, we can only become the little white rabbit waiting to be hunted.

The essence of this market is a zero-sum game; money will not decrease. It will only flow from the pockets of the majority (retail investors) to a small portion of people (market makers, top traders, exchanges). The nature of the game has never been about "everyone getting rich together," but rather "legitimately turning other people's money into mine."
Therefore, the essence of the market forces us to become predators rather than participants. Market maker mindset and analyzing market makers is about understanding the rules of the predators.

The comparison of strength determines that you cannot confront the market maker directly. The only survival rules are "to attach" and "to counterattack." The market maker has abundant capital, information that is a step ahead of the market, and no psychology, only planning. This is a force that retail investors cannot compete against.
Analyzing the market maker's intentions is to find that key moment to attach to his initiation and counter his exhaustion.

The intentions of the market maker will ultimately be revealed through market data. We analyze the market maker not to "guess" what they are going to do, but to "see" what they are currently doing through the data and infer what they "might" do next.
This is like an old hunter looking at the footprints of a beast, not guessing where the beast wants to go, but judging its state and intentions through the depth and direction of the footprints.

When you no longer ask, "Will this coin go up?"
Instead, they began to ask: "At this current position, are there more long positions held by retail investors or more short positions? Is it easier for the market maker to push the price up by forcing the shorts or by forcing the longs? How can they operate in a way that causes the most pain for retail investors?"
When you start to habitually think about these issues and use on-chain data, position sizes, funding rates, and candlestick patterns as tools to find answers, you are already on the right path to stable profitability.

In this market, behind the candlestick chart is human nature, and behind human nature is the carefully crafted script by the market maker. Our task is to become a qualified "script reader" rather than an ignorant "plot participant."