Recently, the topic of "market maker" has sparked widespread discussion in the crypto world. As an industry observer, I would like to share some personal insights.
First, we need to understand that market making essentially follows the same logic as secondary Bitcoin on-chain data analysis. Bitcoin analysis mainly focuses on multiple dimensions of information such as long and short term holders, centralized exchange reserves, miners, etc. In contrast, market making pays more attention to the address data of whale accounts.
In on-chain analysis, we attempt to identify which addresses belong to
First, we need to understand that market making essentially follows the same logic as secondary Bitcoin on-chain data analysis. Bitcoin analysis mainly focuses on multiple dimensions of information such as long and short term holders, centralized exchange reserves, miners, etc. In contrast, market making pays more attention to the address data of whale accounts.
In on-chain analysis, we attempt to identify which addresses belong to
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