The Mystery of Market Crashes in Bull Markets: The Struggle Between Major Players and Retail Investors

On the stage of the bull market in the cryptocurrency world, it should be a joyous feast of wealth; however, crashes always seem to follow, leaving people puzzled. In fact, behind this lies an intense struggle between major players and retail investors, and the crash is precisely the 'washing out' tactic carefully orchestrated by the major players.

During a bull market, retail investors often hold firm beliefs and aspirations for wealth, showing high loyalty, much like a group of 'stubborn elements' firmly rooted in the market. Major players understand that without a strong intervention, it is hard to make them leave the market easily. Thus, the crash, the 'secret weapon,' comes into play. Sometimes, a single crash is not enough to shake the determination of retail investors; major players may even launch a series of crashing 'combinations' until most retail investors panic and sell off their holdings.

Some may wonder, wouldn't it be wonderful if everyone profited together in a bull market? Why do major players insist on washing out retail investors? This is because, in the cryptocurrency world, with a relatively fixed total amount of capital and insufficient inflow of new funds, the presence of retail investors poses a significant obstacle to major players in driving up coin prices. Imagine, major players exerting great effort to raise coin prices, while retail investors quickly 'get off' at the slightest profit; this undoubtedly puts major players in the awkward position of 'making clothes for others,' greatly increasing the cost and resistance of raising prices.

On the contrary, if major players successfully wash out retail investors through crashes, forcing them to cut their losses in pain, they can not only smoothly achieve their profit goals but also clear the way for further price increases, laying a solid foundation.

Thus, it can be seen that the frequent occurrence of crashes during bull markets stems from the high stickiness of retail investors. This also serves as a warning to a wide range of investors that in the frenzy of a bull market, if one cannot formulate a wise operational strategy, they may easily become 'chives' being harvested, facing even more severe losses.