SKILL.md
Market Microstructure — DEX Orderflow Analysis
Overview
Market microstructure on Solana DEXes differs fundamentally from traditional finance. There are no orderbooks on AMMs — every trade is a swap against a liquidity pool. Yet trade flow analysis remains powerful: the sequence, size, and direction of swaps reveal accumulation, distribution, whale activity, and wash trading patterns.
This skill covers:
- Trade classification — identifying buys vs sells from swap direction
- Volume profiles — time-based and size-based breakdowns
- Buyer/seller pressure — ratio metrics, net flow, trade count asymmetry
- Trade size distribution — whale detection, retail vs institutional flow
- Flow momentum signals — acceleration, volume spikes, composite scores
- Token velocity — turnover rate as a sentiment proxy
- Wash trading detection — spotting fake volume and bot patterns