A trick carried out by a group of coordinate traders aimed at manipulating the price of a cryptocurrency.

The bear trap is set by this group all selling a chosen cryptocurrency at the same time, which fools the market into thinking a bearish market is imminent. As a result, other uninformed traders sell their assets further driving the price down. Those who set the trap will then buy back their assets at a lower price, stimulating the overall price to rebound, allowing them to make a profit.

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