The psychological manipulation of Market Makers when Bitcoin sharply corrected from $97,000 to $75,000.
💥1. Turn "Absolute Belief" into a liquidity trap
When Bitcoin reached $97k, the emergence of ETF funds and support from major institutions made investors believe that "Bitcoin cannot drop deeply"
Strategy: MM (short for Market Makers) uses this belief to create buying liquidity. When the crowd is excited to buy out of fear of missing out (FOMO), MM will quietly unload at high price levels
Result: When the buying power of the crowd is exhausted, even a small selling force is enough to trigger a price drop chain
💥2. Technique "Falling with rhythm"
Instead of letting the price crash immediately causing everyone to panic and exit quickly, MM lets the price fall slowly, interspersing fake recoveries
Psychology: These recoveries create hope for those holding losses that "the price will return to $97k." This prevents them from cutting losses early
Goal: To keep cash flow in the market so that MM has time to exit the remaining stock at a better price
💥3. Create "Ambiguity" to erode patience
When the price drops without clear negative news (FUD), investors will fall into a state of panic: "Why is it dropping? When will it stop?"
Consequence: Prolonged ambiguity causes fatigue more than a strong crash. It forces long-term holders to doubt their decisions and ultimately "sell in despair" right at the bottom
💥4. Liquidate leverage and "Reset" expectations
The drop to $75k is designed to wipe out high-leverage Long orders.
Mechanism: When the price reaches sensitive areas (like $80k or $75k), automatic liquidation orders will create a chain selling pressure
Purpose: To bring the Fear & Greed index to an extreme level. When expectations of $100k are wiped out, the market is truly "clean" to prepare for a new bullish cycle.
💥Summary of psychological stages:
🧧Advice: During these stages, the most important thing is not to look at the price, but to "observe the cash flow and keep a cool head" to avoid falling into the psychological trap of "selling the bottom - buying the top."
