The bull market is like a brutal hunting competition.
During this time, the institutional investors transform into experienced hunters, while retail investors become the prey.
Institutional investors first push up the major cryptocurrencies to stimulate market vitality, then they aggressively pull a batch of tokens on the chain with price increases of up to 100 times or 1000 times, causing retail investors to eagerly enter the market. Once retail investors have exchanged all their USDT for altcoins and become trapped on the chain, the institutional investors have basically cleared their assets on the chain.
Subsequently, institutional investors turn their attention to the secondary trading market, making one token double in price today and another token triple in price tomorrow. Retail investors find it hard to resist such temptation and have to sell off their tokens on the chain to chase after the secondary market.
At this point, the institutional investors throw their assets in the secondary market to retail investors, recovering the chips they lost on the chain.
Once the handover is complete, institutional investors once again raise the price on the chain. Retail investors see the tokens they just sold skyrocket, their emotions get out of control, and they once again sell off their holdings in the secondary market to invest back into the chain...
After several rounds of this back and forth, retail investors are left with a handful of depreciated tokens, while the institutional investors hold a large amount of USDT, and the bull market comes to an end.
