1. Accumulation: Large insituitional quietly purchase assets when prices are low, aiming to build a position without causing noticeable price increases.

2. Manipulation: Once their position is built, they may influence market sentiment or use tactics to artificially drive the price higher or lower, depending on their goals.

3. Distribution: After the price rises due to their actions, they gradually sell their assets to lock in profits, avoiding sudden drops by selling in small quantities over time.