The so-called bull market peak is when the memories of the bear market for old investors fade, and new investors engage in irrational enthusiasm.

When old investors still have memories of the bear market and start selling coins as soon as they see prices rise, it indicates that the bear market memories are still present. At this time, market risk is not high.

However, after selling, they find that the price has risen five to six times, they slap their thighs in regret, and then buy back at a high point. This indicates that we are close to the bull market peak. It is essential to communicate more with old investors.