Market psychology moves fast—everyone's quick to label things a rug at the first sign of volatility. But here's the thing: consider how many bots and stop-loss orders are floating around these days. A single large sell can cascade through the market and trigger a domino effect.
Look at $BackBull as an example. People were already calling it done, but the price action tells a different story. We were trading at 1.2M just 12 hours back. If this was genuinely a rug, would the project bounce back and hold at the 1M level? That kind of recovery suggests real market support and continued interest, not a typical exit scam scenario. The pullback was sharp, sure, but the stabilization pattern points to accumulation happening beneath the surface.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
16 Likes
Reward
16
4
Repost
Share
Comment
0/400
Anon32942
· 19h ago
ngl this wave of BackBull's rebound is indeed interesting, I'm already tired of the chain reaction caused by stop-losses.
View OriginalReply0
NotSatoshi
· 19h ago
Stop-loss orders smashing across the board in one go, I've seen this trick too many times... However, BackBull's recent rebound is indeed impressive, with 1.2M directly bouncing back to support at 1M—this isn't something small investors can push.
View OriginalReply0
LiquidatedDreams
· 19h ago
A stop-loss order crashing the entire market, how many times has this trick been played... BackBull, this move is actually just a shakeout, those who understand know.
View OriginalReply0
quietly_staking
· 19h ago
The stop-loss order is too aggressive; as soon as I sell, everything collapses. No wonder everyone is shouting rug.
Market psychology moves fast—everyone's quick to label things a rug at the first sign of volatility. But here's the thing: consider how many bots and stop-loss orders are floating around these days. A single large sell can cascade through the market and trigger a domino effect.
Look at $BackBull as an example. People were already calling it done, but the price action tells a different story. We were trading at 1.2M just 12 hours back. If this was genuinely a rug, would the project bounce back and hold at the 1M level? That kind of recovery suggests real market support and continued interest, not a typical exit scam scenario. The pullback was sharp, sure, but the stabilization pattern points to accumulation happening beneath the surface.