You're overthinking it. You only see the 1% of people making money in the dog market but don't notice the 99% who are losing money. This is the survivor bias.
Those who lose all their money in the dog market will obediently return to the secondary market, holding on tightly.
Especially now that there are more and more tools for trading dogs, if you don't have multiple screens, don't stay up all night monitoring information, and aren't brave enough to buy, pressure, and sell, you won't be able to compete with these professionals.
By the time people are issuing CA, you will already be at the peak, preparing to go to zero.