In the cryptocurrency world, it is often 'slow rise, rapid fall,' and this situation mostly occurs during a rebound or in the middle of an uptrend. In simple terms, this is an old trick used in bull markets to shake out weaker hands.
When a coin finally rises for a few days, suddenly there is a big drop, wiping out several days of gains in just one day. As a result, newcomers and those who can't bear the pressure get scared and give up their chips.
Once it has dropped to a certain level and stabilized, it starts to slowly rise again. When the stock price corrects to a new high, more people jump on the bandwagon, and the main capital comes back with the same tactic, suddenly hitting the brakes during the upward trend. This kind of drop is fast and short-lived; within a few days, the market can fall by 5%-10%, and sometimes it can drop by 15%-20%. But don't worry, it will stabilize near important support lines.
