Seeing extreme onchain capitulation across the board. Holders and rotators alike are down 90% while perps traders are up 7-8 figs on relatively obvious trades
These are the perfect conditions for an onchain liquidity blackhole to emerge (think $PEPE)
I don't know what form it'll take, but signs include:
- Extremely high (organic) volume relative to everything else
- Violent wicks in both directions as snipers and top blasters duke it out
- Lots of buzz but complete lack of consensus across multiple FNFs / whale chats (no one knows whether it's a farm or a potential 9-figure runner)
When I see these signs, I blast size regardless of entry or how the chart looks. 95% of the time I lose, but 5% of the time I realize a 100x.
I specialize in these spots, and my track record is statistically significant. My losing streak would have to continue for another 10 years for that to no longer be the case.