All the retail traders playing contracts are experiencing a cycle.
Confidently starting to doubt the end of life, after a while, changing the mindset and confidently starting to doubt life again.
In fact, many people were making money at the beginning, but being overly confident is the start of losing money.
Inflated, the trading mindset changed, started losing money, lost direction, and finally wanted to make it all back in one go, resulting in = liquidation