I saw someone found that mms/hedge funds group assets into baskets and short them, especially if those assets rival something that their friends want to put into action. You can see it when new options chains start and a fake pump begins with loads of coins, holds a price then halves , then again sometimes.
Anyway, once enough people sold via stoploss or giving up a recovery begins especially when those with money decide to flip long and they do it knowing retail already blew their money at higher levels.
Now you own more you can sell and buy between those other price levels that were created until eventually you’ve finished,then the price runs because retail didn’t sell or it never recovers if not enough people held/ kept buying.
You can see it happening with stocks, but usually crypto. Watch for any pumping media stories, watch the price move up and down a few percent, halve then bouncing up and down for weeks and months. That’s the rich (and people who keep buying at lows) taking profits and playing the in between game.
If true, you’d have to tie it to imx too right?