🚨🚨Market pump and dump! 🚨

Whale Trap Alert

A sudden pump and dump in the market can often be the result of a whale trap. This is a tactic where large investors, known as whales, manipulate prices for their benefit. Here’s how it usually plays out:

1. Pump: Whales buy up a large amount of a cryptocurrency, causing the price to surge rapidly. This spike draws in other investors who fear missing out (FOMO), prompting them to jump in and buy.

2. Dump: Once the price hits a peak, the whales begin selling off their holdings at the inflated price. This causes a sharp decline, leaving those who bought in late with significant losses.

Whale traps take advantage of market volatility and traders' emotions, creating profit opportunities for big players at the expense of smaller investors.

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