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Guys, which three book metrics do you prioritize for a project’s weekly liquidity meeting?
My picks: median spread, top 5 levels’ depth, and the vol/spread ratio.
Share yours in the comments; I’ll pick a few to respond to. (9/20)
#crypto #DeFi #marketmaking
YouTube/Reddit are flooded with Grok Bot and MCP fully automated order placement tutorials.
All the tutorials talk about “earning even when your computer is off.”
From a market-making perspective: automation without bid-ask stability = sending orders straight into a liquidity vacuum.
#crypto #DeFi #marketmaking
Guys, when the spread widens during perp integration, don’t just say “high volatility”—several times, it was the MM pulling orders from the top few levels.
Helped a project adjust its inventory cap + cancellation cadence (details redacted); under the same vol, the median spread converged. See the before-and-after comparison in the image.
No matter how loud the narrative is, what matters is whether the top few levels can actually execute. (9/19)
#crypto #DeFi #marketmaking
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Guys, don't confuse passive market making with active market making—too many project teams don't understand how MMs make money.
1️⃣ Passive earns from the spread, while active earns from direction + inventory
2️⃣ When funding is skewed, passive profits are often eaten up by inventory
3️⃣ When the spread widens, first check whether the depth is thin
Before partnering, ask: which model does your MM use? (9/19)
#crypto #DeFi #marketmaking
The English-speaking crypto crowd has been hyping AI trading Agents again over the past 30 days.
Running 24/7 in the cloud doesn’t mean there’s depth in the book.
Agents scan signals fast, but MMs pull quotes even faster—once the spread widens, paper alpha dies first.
#crypto #DeFi #marketmaking
Guys, 30 minutes before the new chain mainnet launches, the market-making view boils down to three things: bridge first, then check whether the LP is locked, and take profits when things look good.
Robinhood and Arc have both proven it—paper FDV and sellable depth are two different things.
You can chase the flash news, but don’t chase the position. (9/18)
#crypto #DeFi #marketmaking
ARC+14.25%
Guys, the English-speaking crypto crowd has been discussing perp OI pulses again over the past 30 days—follow the breaking news, but don’t just copy the direction.
1️⃣ OI up + spread stable: could be genuine position building
2️⃣ OI up + depth thinning: looks more like leverage piling up
3️⃣ Compare the funding direction—who is carrying the inventory?
Don’t chase the narrative with your position; check the spread first. (9/18)
#crypto #DeFi #marketmaking
Guys, when BTC/ETH ETF flows diverge, it’s perfectly normal to misjudge perp beta.
The proxy for institutional depth is net flows + spread behavior, not a single candlestick—project teams shouldn’t just paste price screenshots in their weekly reports.
(9/17)
#crypto #DeFi #marketmaking
BTC+6.16%
ETH+7.79%
Guys, when the spread widens on a perp project, don’t just say “high volatility”—several times, it was the MM pulling quotes from the top few levels.
After adjusting the project’s inventory cap and cancellation cadence (sanitized), the spread median converged significantly under the same vol. The before-and-after comparison is here.
No matter how loud the paper narrative is, what matters is whether the top few levels can actually execute. (9/17)
#crypto #DeFi #marketmaking
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Guys, one question about passive market making that nine out of ten people can’t answer: how do you set the inventory cap?
It’s not guesswork—look at average daily trading volume, vol, and whether you can tolerate holding directional exposure overnight.
Drop your rules in the comments, and I’ll pick a few to respond to. (9/17)
#crypto #DeFi #marketmaking
The English-speaking crypto community has been hyping AI trading agents again over the past 30 days.
Running 24/7 in the cloud doesn’t mean there’s depth in the book.
Agents scan signals fast, but MMs pull quotes faster—once the spread widens, paper alpha dies first.
#crypto #DeFi #marketmaking
Guys, hand on-chain REST data to an Agent to process the JSON—it’s significantly faster than manually digging through the explorer. The bottom line: don’t let it place orders for you.
1️⃣ Pull the raw JSON; don’t filter it first
2️⃣ Directly throw in a test order worth a few dozen dollars
3️⃣ Keep only the cost basis + turnover, then manually cross-check against the order book
Have you guys used an Agent to process on-chain data? (9/16)
#crypto #DeFi #marketmaking
Guys, another large Hyperliquid position with unrealized gains is flooding the feed—don’t just copy the direction; honestly, most people lose because they don’t watch the book.
1️⃣ How far the whale’s cost basis is from the mark
2️⃣ Whether depth has also thinned over the same period
3️⃣ Whether the funding direction is already helping the MM build inventory
The on-chain narrative matters less than whether the top few levels can handle your order size. (9/16)
#crypto #DeFi #marketmaking
HYPE+0.44%
Grok Bot and MCP fully automated order-placement tutorials are everywhere on YouTube/Reddit.
They all claim you can “make money even when your computer is off.”
From a market-making perspective: automation without bid-ask stability = sending orders straight into a liquidity vacuum.
#crypto #DeFi #marketmaking
Over the past 30 days, AI trading Agents have been trending again in English-speaking circles.
Running 24/7 in the cloud does not mean there is depth in the book.
Agents scan signals fast, but MMs pull quotes even faster—the moment the spread widens, paper alpha dies first.
#crypto #DeFi #marketmaking
Guys, a practical question—when a new perp launches, do you look at OI or spread first?
My order is set in stone: first I check whether the bid-ask spread holds up, then OI. If the spread collapses, high OI is still just on paper.
Comment with your order 👇 (9/15)
#crypto #DeFi #marketmaking
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Guys, a widening spread doesn’t necessarily mean it’s time to enter—the honest truth is that half the time, MM is pulling depth, not signaling direction.
The project team responds to the book first, then the candlesticks; comparison chart of the three ways to read it👇
(9/15)
#crypto #DeFi #marketmaking
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Guys, Hyperliquid’s large orders are making headlines again—don’t just copy the direction; you lose by not watching the book.
① How far is the cost basis from the mark?
② Has the depth thinned along with it?
③ Is funding helping the MM accumulate inventory?
Does the on-chain story have traction? Look at whether the first few levels can absorb the size. (9/14)
#crypto #DeFi #marketmaking
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HYPE+0.44%
Hyperliquid large orders are making headlines again. Guys, don’t just copy the direction—feeding on-chain JSON to an Agent to process is faster than digging through an explorer. Bottom line: don’t let it place orders for you.
① Pull raw txs ② Filter out <$100 test orders ③ Keep position-building levels and manually check against book depth
Which fields would you cut when processing on-chain data? Leave a comment and I’ll pick a few to respond to. (9/14)#crypto #DeFi #marketmaking
HYPE+0.46%
TX-0.12%