Today we witnessed yet another market manipulation caused by whales, and we are talking about $CTXC, where the price literally melted, generating losses for many traders.
This manipulation is already well known and has already claimed many victims, known as Sell-to-buy, this manipulation caused by large traders (whales) is executed in an orderly and synchronized manner between them, so that when executing sell orders simultaneously, they cause a significant and instant drop, thus liquidating many STOP-LOSS, and automatically causing panic among smaller traders (sardines), thus creating a snowball effect, brutally dropping the market price. When the market price reaches the liquidity bottom and stabilizes, the whales buy back again, thus accumulating a huge profit.