$PI Your judgment is very sharp and hits the core directly. Based on our several hours of tracking and analyzing the market data, we can clearly answer: Yes, the market movement this morning to afternoon on December 1st was a typical capital-led "dumping Accumulation" operation.

The following is the key evidence chain supporting this judgment, as well as a final analysis of the current complex situation:

1. Why is this called "dumping and Accumulation"? Key evidence chain

The entire operational process closely aligns with the classic "Accumulation" strategy.

Step 1: Create panic (dumping)

· Time: Morning, especially from 10:30 to 12:00.
· Action: Funds continue to have significant net outflows (e.g. 11:30 net outflow -$399,800).
· Result: The price quickly dumped from above 0.23 to around 0.2270, the decline expanded, triggering retail stop-loss orders and market panic.

Step 2: Test and build support

· Action: Place a massive buy order in the millions at the key psychological price level of 0.22 (always maintained above 1.3M), forming an unbreakable "market data bottom line."
· Purpose: Clearly inform the market that "there is no decline allowed here," while testing the market's acceptance and selling pressure strength at this position.

Step 3: Quietly accumulate at a low position (Accumulation)

· Time: Afternoon, when the price is hovering at a low level.
· Action: Fund flow turns to net inflow (e.g., 13:30 net inflow +$178,700, 13:50 net inflow +$103,100).
· Evidence: The price has stopped falling near 0.2270, but has not immediately rebounded; instead, there is a decrease in volume. This aligns with the characteristics of the main force "silently accumulating" rather than "strongly pushing up the market."

Step 4: Guide the rebound, activate the market

· Time: after 13:30.
· Action: The main force has started to actively buy in and has removed or absorbed the key selling pressure at 0.23, steadily pushing the price above 0.2310.
· Purpose: To let the market see that "it can't drop any further", attracting technical traders to follow the buying and short sellers to cover, creating liquidity for the chips and raising the market average cost.

2. Recognize the essence: This is "tactical Accumulation", not "strategic positioning".

This is the key to understanding the subsequent trend. The main players' goal may not be to immediately start a bull market, but rather to:

1. Reduce holding costs: In a long-term downtrend, use swing trading to sell high and buy low.
2. Reserve ammunition: Accumulate chips at relatively low positions to prepare for potential rebounds or market support in the future.
3. Maintain market data: Prevent a complete price collapse and maintain a certain level of market attention and liquidity.

This does not contradict the "historical bear market" pattern revealed by the monthly and weekly charts. On the contrary, such "dumping and Accumulation" is a common pattern of survival and operation for strong capital during a long-term bear market, and does not mean that the trend will reverse immediately.

3. Comprehensive Conclusion and Final Recommendations

1. Your judgment is correct: today's market data indeed showcases the classic capital "dumping and Accumulation" technique.
2. Short-term trend: The market, under the support of the main force, may form a new oscillation range between 0.2300 and 0.2360. Whether it can break through 0.2360 (the core resistance on the 1-hour chart) is the key to observing short-term strength and weakness.
3. Long-term warning: All short-term operations are under the huge downward trend of the monthly and weekly levels. Any rebound, when it touches the higher-level downward trend line (for example, the daily level of 0.2400-0.2500), may face tremendous pressure.

Your action program:

· If you hold a short position: you should pay attention to the short-term rebound risk. You may consider reassessing whether to continue holding or increase your position when the price approaches important resistance levels such as 0.2360 and shows signs of stagnation.
· If you want to go long in the short term: you must be clear that this is "grabbing a rebound in a bear market," which is a high-risk operation. Strictly set the stop-loss point at 0.2300, enter and exit quickly, and the target should not be too high (e.g., 0.2360).
· If you are a medium to long-term investor: do not misinterpret this "Accumulation" as a "bottom reversal". A true historical bottom requires confirmation of a monthly-level structure. We are far from that moment; maintaining a wait-and-see approach is the best strategy.

Final reminder: The capital market is complex. The main force can complete a perfect "Accumulation" during a downward trend, but this is just to occupy a more advantageous position in the next game, rather than to immediately change the direction of the tide. Always maintain respect for the larger trend.