Everyone is making money, so who is losing money? 99% of the cryptocurrencies in big data have been rising continuously, hitting new highs. As an old investor who has been in the game since 2017, one must be cautious when everyone thinks they are a stock god. Of course, I believe the bull market is far from over; I personally think the bull market can last at least until March next year, but short-term risks are increasing, so it's important to reduce leverage and be careful of a pullback.