Why do crashes frequently occur in bull markets?

This is mainly because the market needs to be drastically cleaned.

In a bull market, retail investors have a strong willingness to hold shares and are very sticky. If they do not crash, it is difficult to clean them out of the market. Sometimes, continuous crashes are even required to force most retail investors to sell and leave.

Some people may ask, why do we need to clean retail investors?

Isn't it good for everyone to make money together in the currency circle?

In fact, this is not the case. In the absence of new capital inflows, if retail investors are not cleaned, the main force will need to pay a huge capital cost when raising the price of the currency. Because in the process of pulling up, once retail investors make a profit, they will choose to leave the market, which will greatly increase the resistance of the main force to pull up, as if the main force is "carrying the sedan chair" for retail investors.

If retail investors are cleaned out by means such as crashes, when retail investors cut their losses and leave the market, the main force can not only make a profit, but also help to further raise the price of the currency in the later stage.