Analyzing the mindset of retail investors:
1. Breaking even and closing positions: They feel like they have held on for so long, finally breaking even, and quickly close their positions, resulting in selling Ethereum.
2. Those who made money: Having made so much profit, they rush to sell when it consolidates, thinking that such a big increase in a day must lead to a pullback, and then shorting afterward, resulting in selling Ethereum and shorting.
3. Continuing to hold short positions: They feel that since it has risen so much, it should be nearing the top, so they add some margin and continue to hold.
4. Those who previously cut losses: Seeing Ethereum rise so much, they feel regret for cutting losses, unwilling to accept it, thinking: "No, I need to make it back," and thus start shorting.
