Why is this bull market more difficult to operate than before?

The reason for this phenomenon is that various roles have joined, causing the long-short game to become more and more complicated. Since the establishment of BTC, various roles have been constantly joining. In the past two years, there have been funds from US stock ETFs, funds from listed companies, national reserve funds, etc. And behind the US stock ETFs themselves are a large number of different institutions and funds in the US stock market.

None of the above is a big shot with huge funds. When there are more people, there will be more games. Some people want to smash the market to absorb chips, and the other party will directly buy the chips that smash the market. Some people want to continue to pull the market, but they may be smashed by the other party. In addition, in the capital market, there are no eternal friends or eternal enemies. Today's buyers may become sellers tomorrow. Just like everyone is used to ETF net inflows, suddenly one day there is a huge outflow of ETFs.

When there are more roles in the market, the control of any party over the market becomes very low. Therefore, even the dog dealers don’t know whether it will rise or fall next. They are all cautiously testing the market and waiting for the reaction of other parties in the market before deciding on the subsequent operations. Sometimes, the dog dealers may have to stop losses in time. #btc