Thank you for sharing, the analysis is great! Do you think this round of bulls is over?

Bull markets are 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 pump a batch of 100X and 1000X on-chain to attract retail investors, waiting for everyone's USDT to be exchanged for altcoins locked on-chain, just as the big players have almost sold out their goods on-chain.

At this point, the big players go to pump the secondary market, this one 2x today, that one 3x tomorrow, how can retail investors handle it? They have no choice but to cut their losses and chase the secondary market, at this time the big players give them the secondary goods back, taking back the chips of those who sold off on-chain.
After the handover, the big players pump on-chain again, and retail investors see that just after selling, it skyrocketed, and in a fit of emotion, they will once again cut their losses in the secondary market and go back to the on-chain…
After several rounds like this
Retail investors are left with coins
Big players are left with USDT
The bull market ends