Recently, the crypto market has experienced a pullback, and the price of the $MAGIC token has fluctuated significantly, attracting follow. Market analysts point out that this intense volatility reflects a typical 'Be Played for Suckers' pattern. When the token price is pumped to a certain height, there is often a large-scale dumping, primarily aimed at harvesting the profits of retail investors.

However, experienced traders often profit from such fluctuations. Some traders have stated that in the face of severe market fluctuations, they adopt a contrarian strategy. When a large number of investors panic and sell, they choose to short; when the market shows signs of a pump, they increase their long positions.

It is worth noting that during this round of market adjustment, there are reports that some institutional investors are increasing their holdings of Bitcoin. This may suggest that some large investors still have a positive outlook on the long-term development prospects of encryption.

For ordinary investors, it is crucial to remain calm and rational in the face of such severe market fluctuations. Investors are advised to fully understand market risks and develop investment strategies that suit their needs before making any investment decisions.