The last wave of short selling, the institutions are controlling the market too well, retail investors are making contracts throughout, small financing companies, and small investors just managed to escape at 109,000.
When there are many retail investors and sufficient institutional funds, Bitcoin, Ethereum, and altcoins collectively surge.
Now, when institutional funds are insufficient and retail participation is low, only Bitcoin can be pumped. Retail investors buying altcoins can only stare blankly.
$BTC 109000 has been shorting for 3 years, and there will be no bull market in the next 3 years. The bull market started in 2021 and ended in 2025.