Before a real bull market begins, there will always be a washout. The purpose of the big players washing out is to shake off the retail investors' chips.

For example, when Ethereum rises to 3700, if you don't take profits, there will be a sharp drop that will make you regret.

When the market comes back again and rises to 3700, will you consider selling?

If you can hold on, then there will be another sharp drop, and if it falls to 3300, will you regret it? If at this point the market rises again to 3700, will you sell?

I think most retail investors would choose to take profits.

If retail investors can still hold on, then there will be another washout, and basically, the retail investors' chips will be cleaned out completely.

The big players will start the market after analyzing big data, once the retail investors have exited.