A large number of retail investors no longer dare to engage in 'investment'. There's no need to argue with me about the meaning of the word 'investment', and don’t say now that all assets in the crypto world except BTC are garbage, air, or ShitCoin.

It's important to know that in the past two bull markets, countless individuals made significant fortunes through 'value investing' and 'diamond hands' in many altcoins, resulting in immense wealth.

Today's crypto world is a fascinating existence. It resembles a stock market where there are clearly thousands of stocks, but only $BTC continues to rise, while the remaining 99% of stocks are on a constant roller coaster, occasionally experiencing a bull phase for a week or a month, followed by fluctuations downwards, continuing the long-term bear market.

Most retail investors do not hold $BTC in spot. Their interest in BTC is merely for contract trading. This is fundamentally no different from trading other altcoins.

Today's crypto world is like a 'deformed' or extremely unique market existence. Here, aside from #BTC, there are no trending markets, no spot trading, and no long-term holdings; everyone is either doing or learning how to do contract trading.

This has become a financial market without 'investment and holding'; it has turned into a rare, naked 'trading market'.

Today’s retail investors in the crypto world not only know how to read moving averages, but also K-line patterns, price actions, Wyckoff theory, and wave theory; most retail investors have some skills. They easily grasp contract positions, long-short ratios, and data on the inflow and outflow of main funds.

This is no longer the low-threshold gathering place for retail investors that it used to be; through a harsh market environment, it continuously pressures and cultivates countless trading masters.