Market Manipulation: Accumulation in Cryptocurrencies Driven by Market Makers

The so-called 'accumulation' phase in the market, which involves an increase in an asset's price, is not driven by retail investors ('hamsters'). Instead, it is orchestrated by market makers (MMs) in cryptocurrencies, primarily through advertising among populist groups. Retail investors then participate in a 'distribution' phase, where MMs and populists lock in profits. Very few retail investors manage to profit by riding the wave alongside MMs; such cases are rare exceptions rather than the rule.