$CHIP ‌ Up to now, no one, and not a single post, has explained to everyone what smart money is really about.

Actually, no one has told me either, but after I did my own research, I came to the conclusion that most smart money (giant whales) is the market maker’s money. On that side where there’s more money, it means he is building positions more heavily there. This is the conclusion I came to after staring at the charts every day and every night, calculating, and thinking.
But is it different from the phenomenon everyone sees? Since he has more on one side (either long or short), why is it that the position with the greater amount still often ends up losing?
In reality, market makers have always been running both long and short at the same time; they never operate only on one side. Because when they distribute their holdings, they do it while pushing price—then they smash the price hard and punch through, and their coins can’t be sold at a good price. Or, when they suddenly smash down hard, it means the distribution phase is already coming to an end. Therefore, they also need to hedge, including hedging their fees and costs.
Moreover, even if the position with the bigger size is at a loss, they absolutely can’t drive their “strong endorsements.” They know the price themselves very well. Think about it—if smart money giant whales are big players, then their only outcome is to be precisely hunted down by the market makers.
Also, no big player is richer than the market makers. And no big player would invest such enormous sums into altcoins. Whales with big capital would only put that huge capital into mainstream coins. You can look back at Rave. At the most extreme moment, the long-side whales were holding tens of millions, while the short positions were only a few million. Is this normal? People say every day that short positions have exploded by hundreds of millions, but in reality, smart money positions are only a few million.
Based on the specific chip case—everyone, take a look at chip’s current smart money giant whale positions. The conclusion is something everyone can reach: (In 70% of the cases, when there’s more positions on that side, it means the market maker is building more positions there; the side with more positions is where the trend is headed.)
But there’s another situation too: market makers killing market makers. If you want to hear it, please follow and like. I’ll update as soon as possible.