Smart money does hunt stops, and this idea is closely tied to the Wyckoff concept. As one of the great titans in the trading space, Wyckoff’s theory of the Composite Man suggests manipulation where strong hands take out weak hands (hunting stops) to continue in the intended direction. So yes, smart money, or the Composite Man (e.g., banks, hedge funds), generally hunts stops. Perhaps not for $8 stops, as they contribute little to no volatility in the market, but an aggregate of those tiny dollars is enough to make a big enough liquidity pool. They don’t target every retail stop individually. The cumulative effect can definitely add up, creating significant liquidity zones for smart money to exploit. That said, not every stop hit is a hunt. Some reflect natural liquidity mechanics, as Suraj suggests.
Today is the 15th anniversary of Bitcoin Pizza Day 🎉, when Laszlo Hanyecz made the first transaction using Bitcoin by purchasing two pizzas for 10,000 BTC on May 22 in 2010. At the time, this amount of Bitcoin was equivalent to about $40, but today, it would be worth over $800 million.
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🎙️ AMA Alert! 🎙️
Big milestones, bold vision, and what’s next for CVEX!
Join us on March 4th at 15:30 UTC as @jlldavies sits down with BUFFALO GEMS for an exclusive AMA session!
🔥 Topic: CVEX Milestones, Vision & What’s Next
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🎙️ AMA Alert! 🎙️
Big moves, big insights, frens. CVEX is going live on Binance Live with @CRYPTODETECTOR_! 🚀
Join us today at 13:30 UTC as @jlldavies breaks down CVEX’s milestones, vision, and what’s next in DeFi.
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💐 Happy International Women's Day! 💐
Stats say almost 7% of our subscribers are women. That’s a huge number, proving the beautiful part of humankind is taking over the crypto space.
From the bottom of our degen hearts, thank you for being here, making crypto better, and flexing on the boys. 🫶
WAGMI, queens! 👑