Having been in the crypto world for many years, I’ve seen countless tactics used by the main players. You’ll gradually realize a fact: the story is always changing, but that operational mindset never goes out of style.

Recently, the performance of a certain coin perfectly exemplified a classic reorganization of chips. Beginners must study this carefully.

**Opening: Creating a Desperate Atmosphere**

The price drops from 1.2U to 0.9U, then falls again to 0.9U, with trading volume drying up and panic spreading. The chat groups are full of cries like "This time it's really over," retail investors start cutting losses and fleeing. But if you look at on-chain data, you'll find some large addresses are actually aggressively accumulating. The essence of this scene is simple—main players are using the sharp decline to weed out panicked investors; their goal isn’t to make money, but to exchange chips.

**Turning Point: The Trap of Fake Rebound**

Suddenly, a large red candle crashes down to 0.7U, then quickly pulls back to 0.95U. Once this V-shaped reversal appears, seasoned traders squint: is this the bottom?

So, a lot of people rush in to buy the dip. But what happens? The price breaks below to 0.65U, and those who just entered haven’t even reacted yet—they become the next trapped batch. This isn’t aimless decline; it’s rhythmic suppression—using the hope of a rebound to attract new buyers.

**Climax: The Big Harvest in Panic**

Next, negative news floods in: "The project might have issues," "Whales are clearing out," and the price plunges to 0.5U. The comment sections are completely flooded with despair, people start accepting their fate.

But this is exactly the last move of the main players—at the most desperate moment, they absorb chips at the lowest price. On-chain data will show you: the volume of large addresses entering at this moment peaks.

**Reversal: A New Cycle Begins**

When the entire market gives up, the main players gently push the price up, and it heads straight for 1U. Those who cut losses regret it, onlookers panic, new money floods in, old money quietly exits. A perfect cycle of chip transfer is completed.

**What is the real logic?**

Wash trading is never about stealing retail investors’ coins; it’s about transferring chips to those willing to pay a higher cost. The main goal is to do a “blood transfusion”—swap low-cost, easily panicked chips for high-cost, trend-following new money.

If you see a sharp decline as doomsday, you’ve already lost. It’s actually the starting point of chip redistribution. True traders don’t focus solely on the candlestick itself but on the flow of chips, cost distribution, and market psychology behind it. When you can understand this rhythm, even the harshest market conditions are just a predictable show for you.