It is divided into 5 stages and the upcoming chip distribution stage:
1. A large number of chips are accumulated and changed hands (15u)
2. The average cost falls below the extreme of wash-out (12u)
3. Volumeless Trading Stage (7u-12u)
4. Cost regression stage (15u)
5. Highly controlled market accompanied by price surge (20-50u)
6. Chip distribution stage??
![](https://public.bnbstatic.com/image/pgc/202309/d5b852a1e4062dfb08518311b63360f1.png)