In 2017, there was 94, and in 2021 it dropped from 60,000 to 30,000... Every bull market has a 50% pullback, then enters the second half... Liangxi, you are the one who got rich from the drop in 2021, and then as it went back up, you started switching directions and lost everything, just like this round.

The problem is that after the new high of 94 in 2017, there were many new highs.

After the drop in 2021, it returned to a very small new high of 60,000, and the bull market ended.

Personally, I think this round of the bull market is more like 2017. In the second phase of the 2021 bull market, some people distributed their holdings when it touched 60,000 again and then shorted the crypto market on a large scale. This included Soros and Musk, who also sold at that position.

The bubble in this round of the crypto market isn't that big; the second phase's height is better referenced from 2017.