#数字资产市场洞察 After nine years of setbacks in the crypto world, I want to dig into the matters of market makers whipsawing today—can retail investors who hold on desperately really win? To be honest, no.

You need to understand that what the market makers chase is never the coin price itself, but the chips. The little bit you hold is just a supporting role in their hands.

**The four tactics of market maker whipsaw, all verified with blood and tears:**

First, the whipsaw destroys confidence. It seems like the price is being smashed, but in reality, it is smashing your will. $ETH once fell 60% in three months, crashing from 5 to 0.1. Do you think if you hold on, you will win? No. The market maker's tactic is to first let you despair to the bottom, then give a little hope, and finally force you to give up completely. Smart money made 3 times profit by buying in when $RAY was halved, while those garbage coins truly disappeared after they fell.

Secondly, the gradual decline and sideways movement consume patience. A sharp drop is thrilling, but a slow decline can wear one down. Being leveraged can be drained by interest, and not leveraging can exhaust one's will over time—what gets cut off is actually your determination, not the chips. Last year, I timely reminded to abandon $RAY, avoiding its drop to zero, and preserving the principal is the real win.

Thirdly, wide fluctuations test human nature. Rising 5% and then falling 8%, rising 10% and then crashing back to the original point, you either numb yourself and cut losses, or you want to add positions but end up getting ambushed. The market is challenging people's bottom line. Using a 5% stop-loss to trade within the fluctuations of $ETH can yield a 15% profit—the key is not to hold positions.

Fourth, public opinion creates momentum and guides emotions. Trading groups, KOLs, and rumors all abound, creating a collective sell-off. You think you are rationally cutting losses, but in fact, it is just the right time for the market makers to take over. Learn to distinguish between true and false; only look at the flow of chips. Last year, I avoided three trading traps and preserved 200,000 in principal.

**The bottom line is this: Those who can withstand a Whipsaw are not the ones who hold on tightly, but those who understand the rules.**

Market makers make money off the indices, while retail investors rely on self-rescue through knowledge. Don't just stare at the K-line guessing bottoms; learn to analyze chips, read emotions, and observe cycles, so you can transform from a mere player to an active participant. The crypto world is full of opportunities, but what’s lacking is the ability to see through whipsaws. Keep your eyes open to the market, shifting from being hunted to hunting back—that’s the way to turn things around.