Fibonacci Capital - Market Maker & HFT Fund

🔸 𝗙𝗶𝗯𝗼𝗻𝗮𝗰𝗰𝗶 — 𝗙𝘂𝗹𝗹-𝗦𝗽𝗲𝗰𝘁𝗿𝘂𝗺 𝗧𝗼𝗸𝗲𝗻 𝗖𝗼𝗻𝘁𝗿𝗼𝗹 𝗳𝗼𝗿 𝗪𝗲𝗯𝟯 𝗧𝗲𝗮𝗺𝘀

• Real-time dashboard: track liquidity, PnL, order flow, sentiment
• 1000+ projects’ expertise, real PnL-positive MM strategies
• HFT engine, 99% uptime, active market execution
• Advanced tokenomics & fundraising tools pre-TGE
• Full analytics, mobile app, and CEX integrations

🔹 Every metric you need, all in one place.

𝗪𝗮𝘁𝗰𝗵 𝘁𝗵𝗲 𝗱𝗮𝘀𝗵𝗯𝗼𝗮𝗿𝗱 𝗶𝗻 𝗮𝗰𝘁𝗶𝗼𝗻 𝗯𝗲𝗹𝗼𝘄 👇

🔸 𝗦𝘂𝗿𝘃𝗶𝘃𝗶𝗻𝗴 𝘁𝗵𝗲 𝗖𝗹𝗶𝗳𝗳: 𝗛𝗼𝘄 𝘁𝗼 𝗺𝗮𝗻𝗮𝗴𝗲 𝗹𝗶𝗾𝘂𝗶𝗱𝗶𝘁𝘆 𝗱𝘂𝗿𝗶𝗻𝗴 𝗺𝗮𝗷𝗼𝗿 𝗧𝗼𝗸𝗲𝗻 𝗨𝗻𝗹𝗼𝗰𝗸𝘀

🔹 𝗧𝗵𝗲 𝗟𝗶𝗾𝘂𝗶𝗱𝗶𝘁𝘆 𝗖𝗹𝗶𝗳𝗳

Token unlocks are often misunderstood. The risk isn't just "more supply entering the market"—it's the sudden, concentrated shock to the order book. When a major VC or team cliff unlocks, it creates a "liquidity cliff," where the sudden volume of sell orders overwhelms the existing bid depth.

🔹 𝗧𝗵𝗲 𝗪𝗿𝗼𝗻𝗴 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵

Inexperienced token teams try to artificially prop up the price by injecting treasury capital directly into the bids. This simply provides exit liquidity for early investors at the expense of the project's runway. It’s a costly and unsustainable defense.

🔹 𝗧𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗠𝗮𝗸𝗲𝗿'𝘀 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵

Professional execution desks manage unlocks differently. Instead of fighting the trend, we dynamically widen spreads to account for the asymmetric risk and utilize algorithmic inventory rebalancing. By staggering bids across multiple price levels and routing volume through deep OTC channels, we absorb the selling pressure smoothly rather than hitting a sudden wall.

🔹 𝗧𝗵𝗲 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆

An unlock should be a liquidity event, not a liquidity crisis. Prepare your order books before the cliff hits.

🔸 𝗪𝗵𝗮𝘁 𝗰𝗵𝗮𝗻𝗴𝗲𝘀 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝗮𝗹𝗹𝘆 𝘄𝗵𝗲𝗻 𝗮 𝘁𝗼𝗸𝗲𝗻 𝗮𝗱𝗱𝘀 𝗮 𝘀𝗲𝗰𝗼𝗻𝗱 𝘃𝗲𝗻𝘂𝗲

One asset, two books, two settlement paths, and a much larger coordination surface.

🔹 𝗪𝗵𝗮𝘁 𝗲𝘅𝗽𝗮𝗻𝗱𝘀 𝗳𝗶𝗿𝘀𝘁

- quote bands
- clip sizing
- hedge routes
- wallet balances
- escalation paths

🔹 𝗪𝗵𝗮𝘁 𝗵𝗮𝘀 𝘁𝗼 𝘀𝘁𝗮𝘆 𝗮𝗹𝗶𝗴𝗻𝗲𝗱

If inventory, transfers, or risk limits drift between venues, coverage can look wider on paper than it feels in the book.

🔹 𝗪𝗵𝘆 𝘁𝗵𝗲 𝗰𝗼𝗻𝘁𝗿𝗼𝗹 𝗹𝗮𝘆𝗲𝗿 𝗺𝗮𝘁𝘁𝗲𝗿𝘀

The second venue should widen access, not split decision-making across disconnected tools.

See how we structure coverage: fibonacci.market

🔸 𝗜𝗰𝗲𝗯𝗲𝗿𝗴 𝗢𝗿𝗱𝗲𝗿𝘀 𝟭𝟬𝟭 — 𝘄𝗵𝘆 𝗜𝗖𝗘𝗕𝗘𝗥𝗚_𝗣𝗔𝗥𝗧𝗦 𝗺𝗮𝘁𝘁𝗲𝗿𝘀

Only part of your size is displayed (icebergQty). The rest refreshes as it fills.

🔹 𝗪𝗵𝗮𝘁 “𝗽𝗮𝗿𝘁𝘀” 𝗺𝗲𝗮𝗻𝘀

ICEBERG_PARTS = ceil(totalQty / icebergQty). It caps how many refreshes your order can have.

🔹 𝗪𝗵𝘆 𝗶𝘁 𝗵𝗶𝘁𝘀 𝗲𝘅𝗲𝗰𝘂𝘁𝗶𝗼𝗻

Too many parts → order rejected. Too few parts → more size shown per refresh → more information leakage.

🔹 𝗣𝗿𝗮𝗰𝘁𝗶𝗰𝗮𝗹 𝘀𝗶𝘇𝗶𝗻𝗴 𝗿𝘂𝗹𝗲

Pick icebergQty so parts stay well under the limit, then test on the exact symbol filters from /exchangeInfo.

🔹 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆

Icebergs are a visibility tool, not a liquidity generator. Treat parts limits like any other venue parameter in your bot config.

🔸 𝗖𝗿𝘆𝗽𝘁𝗼 𝗠𝗮𝗿𝗸𝗲𝘁 𝗨𝗽𝗱𝗮𝘁𝗲 — 𝗥𝗮𝗻𝗴𝗲 𝗛𝗼𝗹𝗱𝗶𝗻𝗴, 𝗕𝗶𝗱 𝗦𝘁𝗶𝗹𝗹 𝗧𝗵𝗶𝗻

Bitcoin is trading near $80.7K at the time of writing, still inside a broad $78K–$84K range after repeated tests of the lower boundary. The market looks calmer than the October sweeps, though the setup still leans on selective absorption rather than broad expansion.

🔹 𝗧𝗵𝗲 𝗿𝗮𝗻𝗴𝗲 𝗶𝘀 𝗶𝗻𝘁𝗮𝗰𝘁, 𝗮𝗻𝗱 𝗼𝘃𝗲𝗿𝗵𝗲𝗮𝗱 𝘀𝘂𝗽𝗽𝗹𝘆 𝗿𝗲𝗺𝗮𝗶𝗻𝘀 𝗱𝗲𝗻𝘀𝗲

— BTC spot at the time of writing: ~$80.7K
— Working range: $78K–$84K
— Structural cost bases watched: ~$77.9K (True Market Mean) and ~$81.5K (ETF cost basis)
— Overhead supply remains concentrated above $84K
— Recent sweeps below $81.3K have not produced a clean break

🔹 𝗦𝗽𝗼𝘁 𝗱𝗲𝗺𝗮𝗻𝗱 𝗶𝘀 𝘀𝗲𝗹𝗲𝗰𝘁𝗶𝘃𝗲, 𝗻𝗼𝘁 𝗯𝗿𝗼𝗮𝗱

ETF flows have been mixed, with earlier outflows partially offset by smaller inflows. Bids near $80K on major books have thinned after the latest sweep and shifted lower. The tape shows absorption at the lows, but not yet a sustained expansion in participation.

🔹 𝗗𝗲𝗿𝗶𝘃𝗮𝘁𝗶𝘃𝗲𝘀 𝗮𝗿𝗲 𝗰𝗮𝗹𝗺𝗲𝗿, 𝘁𝗵𝗼𝘂𝗴𝗵 𝗽𝗿𝗼𝘁𝗲𝗰𝘁𝗶𝗼𝗻 𝗶𝘀 𝘀𝘁𝗶𝗹𝗹 𝗽𝗿𝗶𝗰𝗲𝗱

Perpetual open interest has largely reset from the early-October spike. Options pricing into the 30 October expiry still implies a contained range, with downside hedging active around the lower half of the band. The market is not levered aggressively in either direction, but it remains sensitive to a break of the range lows.