On April 25, recently, long-standing declining cryptocurrencies have shown a rotating upward trend, with APE achieving a miraculous doubling overnight without any positive news. Notably, on-chain analysts quickly identified suspected insider trading activities related to APE, where a user made a precise long and short operation with only $170,000, achieving a 14-fold return on APE the previous night. Various signs indicate that there is a high degree of similarity in the trading strategies behind these recent market movements, where market makers profit from long-term declining tokens through highly controlled operations and leverage significant price fluctuations in the contract market using funding rate tools. According to crypto KOL Crypto Fearless, during the recent Hong Kong conference, a proactive market maker named HSBG became a hot topic, reportedly profiting over $120 million just by manipulating the RIVER project. It is said that this market maker has a level of influence over project teams comparable to that of centralized exchanges (CEX), even able to manipulate token unlocking schedules. As of the time of publication, several cryptocurrencies, including AXS and HYPER, continue to experience rotating increases. BlockBeats believes that participating in such market movements is akin to 'playing with fire,' carrying significant risks; users should exercise extreme caution and maintain strict control over their positions if they choose to participate.