$BNX is a typical case for you to understand the forces of price manipulation, the psychology of profiteering in the market (mainly the floor and the dev/foundation group):

- Taking advantage of the gloomy market psychology, they pushed up several green candles to lure people into shorting with the thought "this season, when the trash coin goes up, it will collapse", from there they continuously killed shorts from 0.13 to 1$. At the same time, they attracted a significant spot buy in fomo.

- When the price reached over 1$, the shorts were almost wiped out, they did not rush to sell but brought the price back to hover in the range of 0.83 - 1$ to "entice shorts" again, those who believed the price was about to collapse would short in this range.

- The price was pushed up to 1.x to kill shorts until it was almost gone, then it decreased again to "entice shorts" again.

- The process can be repeated many times. BNX usually only lasts 7-12 days because this manipulation group is also poor.

- When the short lure is no longer effective, they start dumping on those who bought from 0.13 to 1$, these people suffer a very miserable fate, losing 50-90% of their assets. The short side becomes the winner, but it has nothing to do with the manipulation group anymore, this is a matter of traders killing each other.

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