This routine is actually old news. A major exchange recently announced a big move, immediately followed by a strong bullish candle, and then it started to retrace. The rebound hit the previous high, and that's when the show begins.

First, look at the futures side; the bears have already laid their trap. They are waiting for the retail traders on the spot market to enter. As soon as the news appears, the wave of news traders rush in—becoming targets at this point.

The spot market opens, and the group that was lurking in the futures market starts to sell off. Retail traders manually FOMO in, following the trend. Funds are drained wave after wave.

The market looks pretty good; big influencers and well-known accounts start to hype it up, and another group FOMO in. Once the hype is enough, these new buyers should start to let go.

Finally, those who can't run fast enough or truly believe in it become the last to buy in. It’s always the same story.