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#BEANS In the world of digital currency, old players are already familiar with the 'slow rise, quick fall' method, which is a market maker strategy in washing the market. This is especially evident during the Bull Market recovery period.
This method is usually indicated by a price increase for several days, then suddenly sharply falling, wiping out all previous increases, causing panic in the minds of novice and unstable investors to sell.
At this time, the Market Maker fund will take advantage of the opportunity to absorb these cheap chips, and then gradually increase the price after the market situation stabilizes.
When the coin price approaches or surpasses the previous high point, market sentiment becomes high and individual investors flock to buy. However, Market Maker funds may conduct large-scale selling again to clear the market, this adjustment is usually quick and brief, with a decline of around 5%-10%, sometimes up to 15%-20%, but it will usually stabilize near key support levels.