If it rises a little, everyone runs away; it's impossible to make big money.

A real bull market must first shake off most people before it can truly rally.

Just like in 2017 it started from 94, in 2020 it started from 312, many people were shaken out for various reasons and couldn't hold on until the end.

In a true bull market, often only a few people can really profit, while most others are eliminated along the way.