According to Odaily Planet Daily, Andrew Kang, co-founder of Mechanism Capital, posted on the social media platform X that many cryptocurrency investors are experiencing their first cycle and a complete bull market. He pointed out that throughout the bull market, BTC's multi-day decline was very limited, limited to less than 20%, and many people seemed to have accumulated holdings in the last pullback in April. However, in the last cycle, the market often carried out leverage cleanups, resulting in a 30% to 60% retracement, evaporating hundreds of billions of dollars in total. He warned that when people are too comfortable and believe that something is impossible, it is usually when disaster strikes. He emphasized that investors should pay attention to risks and not bet all on one transaction. If the market fluctuates more than expected, investors may suffer huge losses.