If you are trading contracts, you often feel like the price of the coin hasn’t changed, yet your balance keeps decreasing 😭 Why is that? The market makers, liquidity providers, and project teams have your address balance and position data! Therefore, I increasingly feel that a problem has been underestimated, which is on-chain privacy! Other people can see every transaction of your address clearly, many people think that losing money is due to misjudgment or excessive market volatility, but after reviewing, they find that the more realistic reason is that all your actions are visible.
The current on-chain environment is completely transparent; your address, the scale of funds, entry timing, and trading rhythm are all publicly accessible. You may think you are just an ordinary trader, but in the eyes of others, you are a set of data that can be analyzed. As long as there are tools, your behavior can be tracked, and even your next move can be predicted in advance! Many people have had similar experiences: as soon as they enter the market, they get hit, and just when they stop-loss, the price rebounds. So why is this happening, tell me why? baby why? This situation is often seen as a matter of luck, but in reality, it is simply because your actions are exposed in the market. When everyone can see your moves, it is difficult to gain a fair position in an environment filled with bots and strategies.
The longer I trade, the more I agree with a viewpoint that the core issue on the chain is not just fluctuations, but information asymmetry. It's not that you can't see the market, but the market understands you better than you do. Because of this, I started to pay attention to directions like MidnightNetwork. The core problem it tries to solve is very straightforward: to allow on-chain data to be verifiable while not completely exposing it. In other words, your transactions remain credible, but won't be analyzed in real-time by everyone.
If privacy mechanisms can truly be implemented, then many strategies targeting ordinary users, such as monitoring positions, following orders, and reverse harvesting, will lose some of their advantages. The market will still fluctuate, but at least it won't amplify risks due to information exposure. In the long run, privacy is not meant to hide but to restore fairness.
I have experienced being educated by fluctuations many times and understand that the issue is not just the market, but that we participate in a market without privacy. When every step you take is seen, it's hard not to become part of someone else's strategy, and perhaps change must start from being 'invisible'! This is the helplessness and sadness of ordinary users ☹️ I believe the emergence of Midnight can change this environment!