Want a coin to explode in the market? Actually, you don't need any technical breakthroughs — a clever psychological game is enough.

Here's how the scheme works:

**Step 1: Lure with bait.** Large traders prominently display massive short positions on exchanges, seemingly aiming to short to the bottom. In reality, they have already completed full hedging off-chain or through other channels, bringing their account risk to zero (this is called Delta Neutral).

**Step 2: Ignite emotions.** A wave of capital influxes, mindless dumping, causing the coin price to rise sharply. The profit-making effect instantly triggers a frenzy, and small retail investors watch their paper profits glow with excitement.

**Step 3: Illusory fermentation.** Now the key moment — the market watches the large traders' accounts, seeing floating losses grow bigger and bigger, and retail investors get a thrill: "This time, we're going to crush the market maker." This illusion of a short squeeze drives them to buy madly, spontaneously acting as liquidity providers.

**Step 4: Full retreat.** The large traders' principal remains safe (hedging protection), while the project team takes advantage of retail investors' greed at the peak to offload their holdings. In the end, only retail investors are left with losses.

Stories like this are replayed every week in the market. Recognizing this logic can at least help you avoid falling into a few more traps.