Be cautious of the recent surge in various cryptocurrencies, including $SOL, $BTC, ETH, BNB, DOGE, WIF, and BONK. This spike is likely driven by liquidity providers using a strategy to liquidate traders with high leverage. They cause sudden price increases to force short traders into liquidation. Once some traders are trapped in the subsequent dip, prices usually drop again. These orchestrated pumps can catch traders off guard, making it essential to adopt cautious trading strategies.

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