The road to success is not crowded, because not many people can persist to the end.
Before the big bull market came, the contract leverage was violently liquidated.
Before the big bull market in 2021, 100% of the long leverage was cleared through 312, that is, all the long people on 312 were 100% liquidated, and even most of the short people saw that the decline was too much, and they went to buy the bottom and were liquidated.
The rest are all air force leaders, professional short sellers, and never take long positions. This wave of people was finally taken away by the unlimited pull after 312.
The bull market in 2017 was even more so. At that time, almost all the currency circles were invested by Chinese people. As a result, not to mention the liquidation volume in 94, even all the domestic exchanges were moved, and the spot party also sold all the goods for cash. After selling all the chips, there was no place to buy.
As a result, two months after 94, Bitcoin and many copycats soared all the way, and Bitcoin also rose directly to nearly 20,000 dollars.
Summary: The more ruthless the wash, the more fierce the rise will be later.