Don't think of market makers as庄家 anymore; in fact, they are more like suppliers on Taobao.

One day I suddenly realized that the "market makers" in the crypto space are actually like Taobao sellers.
When you want to buy a coin and open the exchange page, there are always orders waiting for you to place yours, right? When you want to sell, it's the same; there are always people ready to take your coin. This "always someone" behind the scenes is actually the market makers doing their job.
They are like the suppliers in Taobao, always on duty, ready to respond at any time, responsible for "setting up" the entire market, ensuring that you can buy in and sell out.
You can understand it like this👇
Do you want to buy? They are selling.
Do you want to sell? They will take it.
Then they rely on the price difference between buying and selling, making a little hard-earned money with each transaction.
They may not necessarily have a positive outlook on this coin, nor are they here to gamble on its ups and downs; they mainly survive by "doing more trades and making small profits on the spreads."
Moreover, many new projects have just launched, and the liquidity is quite poor, with no one placing orders, making it impossible to trade. At this time, market makers are invited to support the situation, placing some buy and sell orders and keeping the prices from being too outrageous, similar to how a new store on Taobao might hire people to place orders and create a bustling atmosphere.
So, don't be fooled by the name "market maker"; they are essentially just:
Market makers, project promoters, liquidity transporters.
In summary:
"With them around, the market looks lively; without them, it seems like no one is coming to visit."
Doesn't that make it less mysterious?