The invention belongs to the technical field of oil-gas field fracturing production-increase propping agent preparation, and relates to a water acid-sensitivity deformation magnetic tracer function self-suspension propping agent and a preparation method thereof. The propping agent comprises an aggregate and a surface hydration layer, wherein the aggregate is one of magnetic
rare earth composite resin,
quartz sand or ceramsite and like material; the surface hydration layer is composed of three
layers, the innermost layer is a cationic
macromolecule inner
polymer layer or a modifier layer, the middle layer is an anionic
macromolecule outer
polymer layer, and the outer layer is anti-
caking agent. The propping agent has the acid-sensitivity deformation self-suspension function of producing
buoyant force while encountering water and breaking gel to precipitate while encountering the acid, and a tracer function of monitoring flow guiding position of the propping agent through electromagnetic imaging; in the process of exerting the fracturing
engineering on shale, compact oil-gas or
coal bed base and like argillaceous
plasticity micronano hole reservoir, the fracturing liquid with the propping agent has excellent flow guiding characters of suspension sand-adding of non-floating to the roof and not sinking to the bottom; the
permeation is improved, the hurt is avoided, the propping agent is efficient and capable of increasing production, the construction cost is lowered, and the application prospect is wide.