Bull market is a game of hunting

The big players are the hunters, and retail investors are the prey

First, they pump Bitcoin to activate the market

Then they pull a batch of 100X, 1000X on-chain to attract retail investors, waiting for everyone’s USDT to be exchanged for altcoins locked on the chain, just as the big players' goods on-chain are almost sold out.

At this point, the big players pump the secondary market, today this one doubles, tomorrow that one triples, how can retail investors handle it? They have no choice but to cut their losses on-chain and chase the secondary market. At this moment, the big players give you back the goods from the secondary market, receiving the chips for cutting losses back on-chain.

After the handover, the big players pump on-chain again, retail investors look at it and are shocked, just sold and it flew up, under emotional instability, they will cut the secondary market again, and go back to the on-chain...

After a few rounds like this

Retail investors have their hands full of coins

The big players have their hands full of USDT

The bull market ends