$BTC$ In each bull market,
More than 50% of pullbacks at least twice;
20%-30% pullbacks at least 10 times;
There are dozens of pullbacks of about 10%.
More than 20% of these pullbacks are called risk because more than 4x leverage is liquidated.
Therefore, players with more than 5 times leverage want to play rollover, which is basically not the same as the bull market; If you want to eat long and short in the trend, the risk doubles again. Those short-term players with more than 10 times leverage are no different from going to Macau.
It's not a matter of risk appetite, it's that you can't beat the Kelly formula.
