Recently, the market has played out an interesting contrast. On one side, established popular coins are under pressure and pulling back from high levels; on the other side, low-cap new stars are defying the trend and rising against the market. These two forces create a striking seesaw effect.

It looks like a major capital shift—retail investors focus on the expected gains of old favorites, only to be exploited by the main players who take advantage of psychological differences to cut the leeks. Meanwhile, those overlooked dark horse projects, riding on the market’s shifting attention, quietly accumulate a lot of chips, becoming new points of capital inflow. In simple terms, this is a classic case of expectation reversal trading.

But there is a detail worth noting. The short-term pullback of established coins may seem fierce, but in reality, the main players’ large holdings have never truly left the market. This rhythm often signals a strong shakeout—dispelling floating chips, clearing retail investors, and preparing for subsequent rallies. As long as the main players’ chip structure remains intact, the rebound space is worth looking forward to.

The market is always a game of psychological warfare. Understanding the intentions of capital is the key to understanding price movements.