The most embarrassing situation in the current round of the bull market is the emergence of the Bitcoin bull market, the altcoin market, and the altcoin bear market.
First, the rise and fall of the market is the result of manipulation by the major players, making it difficult for retail investors to influence the trend. The market capitalization of Bitcoin is nearly 2 trillion, while the altcoin market is 200 billion. Although there are no absolute controlling entities, there are relatively dominant players.
Second, after collecting chips at low prices, the major players sell at high prices for profit. During sideways movements and downturns, they offload their holdings. We refer to this as 'backing up to pick up people.' Whether it is backing up or picking up depends on trading volume; if the major players have stock, it is likely backing up, while if they have none, it is high-level buying.
