Why does everyone keep saying bull market

When they don't even look at the fact that Bitcoin is already at a high position

Why isn't it rising? Because institutions are distributing, and there is no new capital inflow

Why does it crash every time it hits 100,000? Because 90,000 to 100,000 is all retail investors buying in

The first time it hit 100,000, they sold, and it dropped to 90,000 but held their positions

The second time it hit 100,000, all the positions that were heavily held were liquidated, and it fell sharply

The third time has been like this

Can we be a bit more clear-headed? Can't we see where Bitcoin has risen from to reach 100,000?