A common scenario is: when the coin price falls, the retail investors in the group are all cursing the market manipulators, thinking they are just waiting to dump the coins I have and waiting for me to cut loss and catch the falling knife. But to be honest, this is really overestimating oneself. The market makers wash the market not to seize your small amount of chips; their painstaking dumping and creating panic have one core purpose: to clear the obstacles for pumping, paving the way for a higher and more stable exit later. The small amount of coins you hold doesn't even count as a fraction to the market makers who want to control the market trend. What they really care about is 'replacing you'—washing out the retail investors who have low costs and run away at the first sign of a fall, and replacing them with high-cost new chips willing to hold on, so that there is no selling pressure when they pump and can smoothly sell to those catching at high positions.

So next time you encounter a sharp fall, don't rush to blame the market maker. First, calmly assess: has the coin's fundamentals deteriorated? Is it a volume-driven crash, or a low-volume downtrend followed by a sudden drop and rebound? If the fundamentals are intact and the trend fits the rhythm of "downtrend - sudden drop - panic - reversal," then it is very likely that the market maker is whipsawing - the goal is not to make you lose, but to have you actively give up low-cost chips to clear obstacles for the subsequent pump.