Because it can be arbitraged

This type of market has appeared many times, and the short sellers haven't lost much. Instead, those who bought high and went long, only to be violently hit, are the real victims. I don't know why it can be pushed so high every time, and why it always results in a loss of $100 at the top. This type of market ultimately goes to zero without any pullback, but no matter how much I advise, there are still people heavily shorting at the high points and going long at the low points. Without your hundreds of thousands, this type of market wouldn't have lasted so long.