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At the beginning of a bull market, the price increase is not obvious; there are small rises followed by drops, and many shorts can often make profits during the downturns. It is almost at the mid-point of the bull market that the rises begin to outlast the drops, making it harder for shorts to profit. In the later stages of the bull market, the price will rise significantly, overwhelming all the shorts. Many shorts will incur losses and become fearful, leading them to join the longs. Then the bull market enters a frenzy, and even ordinary people who usually do not dare to engage with BTC or ETH begin to enter the cryptocurrency market. Amidst this celebration, the bull market ends, and the bear market begins.
Therefore, the formation of a bull market requires the presence of 'shorts', or short sellers, to act as fuel for the bull market. When you see a group of short sellers in the square, it indicates that the bull market has not yet ended. Moreover, during the so-called 'altcoin season', there must be shorts to serve as fuel; otherwise, there will be no altcoin season.