$BTC During this time, many KOLs are shouting that the bull market is here, and there are many people saying Bitcoin will reach 120,000, 150,000, or even 200,000. Actually, I want to say:

A big bull market is something that large institutional investors hope to see, but for small investors, it may not be a good thing. Why do I say this:

First of all, for small capital players, trading spot is not very meaningful; without leverage, they can't make much profit even if prices rise. Secondly, prices have already risen so much during this time that going long is risky, and going short leads to losses; this creates a deadlock.