如何避免退出流動性陷阱並保護您的加密貨幣投資

當新投資者在不知不覺中為內部人員兌現流動性時，出口流動性陷阱就會發生，使他們的資產貶值。

New investors are often used to provide liquidity for insiders to cash out of their holdings, leaving the new investors with devalued assets. This is known as an exit liquidity trap. It is a deceptive market dynamic where unsuspecting traders unwittingly provide liquidity for insiders or seasoned investors to offload their holdings at inflated prices. By the time you realize you have been trapped, the price crashes, leaving you with devalued tokens.

新投資者通常用於為內部人員提供流動性，以便從其持股中兌現，從而使新投資者擁有貶值的資產。這被稱為出口流動性陷阱。這是一種欺騙性的市場動態，毫無戒心的交易者不知不覺地為內部人士或經驗豐富的投資者提供流動性，以便以高昂的價格卸載其持股。當您意識到自己已被困時，價格崩潰了，使您擁有貶值的令牌。

But how can you spot these traps before they snare you? This guide will break down exit liquidity traps, their warning signs and strategies to protect your crypto investments.

但是，您如何才能在它們邀請您之前發現這些陷阱呢？本指南將分解出口流動性陷阱，他們的警告信號和保護您的加密投資的策略。

What is exit liquidity?

什麼是出口流動性？

In traditional finance, the term refers to buyers who acquire shares from early investors or founders during liquidity events such as acquisitions, mergers or initial public offerings (IPOs). However, in the cryptocurrency market, it has taken on a more negative connotation.

在傳統金融中，該術語是指在流動性活動（例如收購，合併或首次公開募股（IPO））期間從早期投資者或創始人那裡獲取股份的買家。但是，在加密貨幣市場中，它具有更負面的含義。

In the cryptocurrency market, exit liquidity refers to unsuspecting investors who purchase tokens with little or no real value, thereby providing liquidity to sellers aiming to offload their holdings. This situation often arises when traders buy digital assets that later become difficult to resell due to low demand or loss of value.

在加密貨幣市場中，出口流動性是指毫無戒心的投資者，這些投資者幾乎沒有或沒有真正的價值，從而為旨在卸載其持股的賣方提供了流動性。當交易者購買數字資產後，由於需求低或價值損失而難以轉售時，這種情況通常會發生。

The new investors are essentially providing an exit path for the insiders or early investors, who capitalize on the liquidity to sell their tokens at higher prices, leaving the new investors with devalued assets as the price crashes after the insiders’ exit.

新投資者本質上為內部人士或早期投資者提供了出口路徑，他們利用流動性以更高的價格出售其代幣，使新投資者的資產貶值，因為內部人員退出後價格崩潰。

This is a common occurrence in cryptocurrencies, especially during market cycles. For instance, consider a cryptocurrency token that is sold to early investors at $1 and later listed on an exchange. If the token’s price is artificially inflated to $5 with the intent to attract new investors, who then buy the token at this higher price, it becomes clear that the new investors are providing liquidity for the early investors to cash out at a profit. However, once the early investors sell their tokens, the price is likely to drop again, trapping the new investors.

這是加密貨幣的普遍發生，尤其是在市場週期期間。例如，考慮一個加密貨幣代幣，該代幣以1美元的價格出售給早期投資者，然後在交易所上市。如果代幣的價格人為地膨脹至5美元，目的是吸引新的投資者，然後以這個更高的價格購買代幣，很明顯，新投資者正在為早期投資者提供流動性，以獲利。但是，一旦早期投資者出售其代幣，價格可能會再次下跌，這使新投資者陷入困境。

This is a snapshot of an exit liquidity trap in cryptocurrency. It is a common occurrence, especially in a rapidly growing market like crypto.

這是加密貨幣中出口流動性陷阱的快照。這是一個普遍的情況，尤其是在像加密貨幣這樣快速增長的市場中。

Why is exit liquidity important?

為什麼出口流動性很重要？

Exit liquidity is a crucial aspect of investing, especially in illiquid markets like cryptocurrencies. It determines how easily and quickly an investor can sell an asset to recover their investment, especially during market downturns. In the context of exit liquidity traps, investors are often lured into investing in coins with little or no fundamental value, enticed by hype, social media influence or promises of high returns.

出口流動性是投資的關鍵方面，尤其是在加密貨幣等流動性市場中。它決定了投資者可以輕易快速地出售資產來收回其投資的方式，尤其是在市場下跌期間。在退出流動性陷阱的背景下，投資者經常被誘使投資幾乎沒有或沒有基本價值的硬幣，受到炒作，社交媒體影響或高回報的承諾所吸引的。

These investors, typically new to the market and eager to participate in the perceived opportunities, unwittingly provide liquidity for insiders or early investors to cash out of their holdings at inflated prices. By the time the new investors realize they have been trapped, the price crashes, and they are left with illiquid assets at a deep loss.

這些投資者通常是市場的新產品，渴望參與感知到的機會，因此不知不覺地為內部人士或早期投資者提供流動性，以便以高昂的價格從持股中兌現。到新投資者意識到自己被困的時候，價格崩潰了，並且損失了不流動的資產。

The narrative shifts quickly. What was touted as a promising project with a bright future now becomes a "scam" in the eyes of those who lost money. This rapid change in perception is a harsh reality of exit liquidity traps.

敘述很快發生了變化。在那些損失金錢的人眼中，吹捧的是一個有前途的項目，現在擁有光明的未來。這種感知的快速變化是出口流動性陷阱的嚴酷現實。

What are the common types of crypto exit liquidity traps?

加密出口流動性陷阱的常見類型是什麼？

There are several types of exit liquidity traps that crypto traders should be aware of. These traps can be set by insiders, pump-and-dump groups or even through natural market cycles. Here are some of the most common types of exit liquidity traps:

加密交易者應該意識到幾種類型的退出流動性陷阱。這些陷阱可以由內部人員，泵送組，甚至通過自然的市場週期來設置。以下是一些最常見的出口流動性陷阱類型：

1. Pump-and-dump scams

1。泵送騙局

This is a classic type of exit liquidity trap where a group of individuals, often a pump-and-dump group, artificially inflates the price of a cryptocurrency. They do this by creating hype on social media, in online forums and through other channels.

這是一種經典的出口流動性陷阱，其中一組個人（通常是一個泵和降點組）人為地誇大了加密貨幣的價格。他們通過在社交媒體，在線論壇和其他渠道上在社交媒體上進行炒作來做到這一點。

As the price of the cryptocurrency rises, more traders are drawn in, FOMO kicks in and the volume of trade increases, providing liquidity for the pumpers to dump their coins at a higher price. Once the pumpers have sold their coins, they pull out of the pump, and the price of the cryptocurrency crashes.

隨著加密貨幣的價格上漲，越來越多的交易者被吸引，FOMO啟動並增加了交易的數量，為泵送者提供了以更高價格傾倒硬幣的流動性。一旦泵送者出售了硬幣，他們就會退出泵，加密貨幣的價格崩潰了。

Those who bought the cryptocurrency at the higher price are left with illiquid assets that rapidly lose value as the price spirals down. The pumpers, however, exit with significant profits, leaving the bagholders to absorb the brunt of the losses.

那些以較高價格購買加密貨幣的人剩下的流動性不足的資產迅速失去了價值，因為價格下跌。但是，泵送者以可觀的利潤退出，使行李持有人首當其衝。

2. Project failures and scandals

2。項目失敗和醜聞

Another type of exit liquidity trap occurs when a cryptocurrency project fails or is involved in a scandal. This could be due to a major security breach, financial mismanagement, rug pulls or a controversy that impacts the project’s reputation.

當加密貨幣項目失敗或參與醜聞時，會發生另一種類型的出口流動性陷阱。這可能是由於嚴重的安全漏洞，財務管理不善，地毯拉力或影響該項目聲譽的爭議。

When a project fails or faces difficulties, the value of its native token is likely to decline. As the token price drops, panic selling ensues, with early sellers managing to minimize their losses. However, those who hold on for too long, hoping for a recovery that never comes, become exit liquidity for those who sell at higher price points.

當項目失敗或面臨困難時，其本地令牌的價值可能會下降。隨著代幣價格下跌，隨之而來的恐慌出售，早期賣家設法最大程度地減少了損失。但是，那些堅持太長時間的人，希望從未恢復過來，成為那些以較高價格銷售的人的退出流動性。

3. Regulatory crackdowns

3。監管鎮壓

In the fast-evolving landscape of cryptocurrencies, government actions can quickly alter market dynamics. A government may decide to ban or heavily regulate a cryptocurrency, leading to a rapid decrease in its trading volume and

在加密貨幣的快速發展景觀中，政府行動可以迅速改變市場動態。政府可以決定禁止或嚴格規範加密貨幣，從而迅速減少其交易量和