#BTC资金流动性 The awakening of a nine-year-old sucker in the crypto world: Only by seeing through the market maker's whipsaw can you survive to leave the market.

Stop thinking that just holding on will lead to victory; that is self-deception. Market makers want the chips to flow, and what you can hold onto will always be just a supporting role.

Market makers use these four tricks to whipsaw, I have verified this through blood and tears:

**First Move: Smash the Market to Break the Will**
It's not just about making the price drop; it's about destroying your psychological defenses with a significant downturn. Ethereum once plummeted 60% within three months, and RAY dropped from 5 to 0.1. Did you think buying the dip means winning? Wrong. The market maker's strategy is to first give you despair, then hope, and finally force you to sell at a loss. Smart money picks up ETH when it is cut in half, while junk coins disappear when they really drop—there's the difference.

**Second Move: Gradually Declining and Sideways Trading to Wear Down Patience**
A sharp drop is painful, but a gradual decline is the most annoying. The market maker uses this tactic to wear you down: leveraging will be eaten away by interest, while not leveraging will consume your confidence over time. From "let's wait a bit longer" to "forget it," what is actually being cut is your will, not the chips.

**Third Move: Wide Range Fluctuations to Treat "Iron Hand"**
Rise 5% and drop 8%, rise 10% and crash back to the starting point. If you don’t sell, you become numb; if you want to average down, it backfires. This is the ultimate test of human nature. The traders who truly survive are not those who hold positions but those who use stop-losses to trade. For example, on a highly volatile coin like SOL, a 5% stop-loss combined with flexible operation can actually earn 15% in a fluctuating market.

**Fourth Move: Shaping Public Opinion and Emotions**
With signals from groups, KOLs, and rumors all coming together, collective panic selling is created. You think you are rationally stopping losses, but in fact, you are just the market maker's desired buyer.

**The core truth can be summed up in one sentence: Those who can withstand a whipsaw are not the ones holding on blindly, but those who understand the rules.**

Market makers rely on index and chip flow to make profits, while retail investors rely on their understanding to save themselves. Don't fixate on K-lines to guess the bottom; learn to observe chip sentiment and market cycles. This way, you can transform from being hunted into a participant in the hunt.

There are plenty of opportunities in the crypto world, but what is scarce is the eye to see through the Whipsaw truth. Keeping your eyes open to the market is the first step from a sucker to a player.