Recently, I’ve been watching many large traders share their losses in the market square, and I’m gradually starting to understand the tricks of those main manipulators. To put it simply, the whole process roughly goes like this:

First, they quietly build long positions at the bottom, then start pushing the price up without restrictions. But after reaching a certain height, they realize that the number of participants isn’t enough, and the pool size isn’t ideal, so they begin playing the pin-in game—poking upward to attract short positions, poking downward to hit the long stop-loss orders below, repeatedly shaking the market to create panic, ultimately drawing more retail traders to buy in.

When the number of retail traders has accumulated enough, they enter a high-level sideways consolidation phase. At this point, they change the funding rate to settle every hour, and gradually increase the rate. The goal is simple—use time and cost to drain those large traders and retail traders who aren’t firm enough.

Once they’ve harvested enough, they make a big plunge. Overnight, everyone’s accounts become a mess.

So my advice is: in the future, when dealing with these scam coins, either don’t touch them or don’t short them easily. Instead of fighting against the manipulators, it’s better to focus on mainstream coins, which carry much less risk and are easier on your mindset.