Recently, the trend of ASTER speaks volumes. At the same time the coin price experienced a big dump, Large Investors were selling off in bulk, while retail investors were BTFD. The whole process was like a carefully orchestrated harvesting scheme.

First, let's see what the whales are doing. This time the dumping is definitely not a panicked stop-loss, but a planned exit. Their usual strategy is: first, raise the hype to attract followers to enter the market, accumulate enough chips, and then sell in stages while opening short positions in the futures market to hedge against the risk of price declines. After a complete set of operations, regardless of the rise or fall of the spot price, the account can maintain stable profits. This is an institutional-level asset allocation mindset.

Now let's look at the retail investors. On-chain data shows that ASTER has had a negative net flow for three consecutive days, and there are still many people in the market buying the dip, with futures bulls even increasing their positions. The problem is that many people's reason for buying the dip is simply that it's "cheap." For tokens like ASTER, which have high concentration and limited real-world applications, a low price often does not equal an opportunity, but rather could be a risk signal. Trying to catch a falling knife usually does not end well.

In the crypto market, whales control funds, data, and strategies, while retail investors mostly rely on intuition and luck. This inequality determines the direction of the game. To survive here, the key is to learn to view market dynamics from a different perspective, rather than being led by emotions.