Recently, the price surge of some small-cap coins looks quite tempting, but the underlying tricks are actually old news.

Taking a recent example, from 0.16909 all the way up to 0.29656, it seems like a big move on the surface, but in reality, the market cap is light, and the main funds don’t need to spend much to push the price up. When retail investors are attracted by the gains and start to buy in, the big players begin quietly offloading at high levels.

You can see the clues just by looking at the order book—after reaching 0.29656, the buy orders suddenly disappear, and sell orders keep coming in. This isn’t a pullback; it’s outright distribution. Currently, the price is oscillating around 0.27880, looking like it’s stabilized, but in fact, the main players are still grinding the order book and haven’t fully exited. Once it breaks below the key level of 0.26, it’s highly likely to drop straight to 0.24.

Traders rushing in at this level, rather than being brave, are actually failing to truly understand the operational logic of this kind of market. Technical analysis, capital flow, and psychology—none can be overlooked.