After the excitement comes the calm. The fierce battle between bulls and bears in April over BTC caused a stir in the market, followed by a process of intense washing of positions, repeatedly causing both bulls and bears to suffer losses! This morning, what seemed like a strong rise turned downward again. The biggest characteristic of a volatile market is that it doesn't continue. Watching the market rise significantly, one might want to wait for a pullback to go long, only to find themselves hitting the floor. Conversely, seeing a significant drop and thinking of shorting on a rebound, one might end up hitting the ceiling. Volatility is about back-and-forth washing of positions. Those who set stop losses during this process will repeatedly get hit, while those who don't find they can hold on. This is the difference between volatility and a one-sided market. Volatility benefits those who can hold their positions, while a one-sided market benefits those who set stop losses!