Article Summary: What is Bitcoin Washing? Bitcoin washing is a trading method in which operators deliberately fluctuate the price of Bitcoin to force investors who lack confidence or inexperience to panic sell their Bitcoins in order to collect low-price chips. This operation typically involves large amounts of selling and buying, resulting in large price swings. The purpose of the wash is to remove weak holders from the market and attract more powerful investors to enter the market, thereby consolidating the market foundation.
What is a Bitcoin wash?
Bitcoin wash refers to a market manipulation strategy in which traders use a series of buying and selling operations to try to force holders to sell their Bitcoins, thereby driving down the price and increasing their own Open interest.
The steps and purpose of dishwashing
Whisking usually follows the following steps:
The purpose of the wash is to:
Characteristics of a wash operation
Wash operation Usually has the following characteristics:
Coping with a washout
Investors should stay calm and take the following measures when facing a Bitcoin washout:
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