Although Bitcoin ($BTC ) has been rising recently, not everyone in the cryptocurrency circle is happy. The main reasons are as follows:

1. **Retail investors do not hold BTC**: Many retail investors did not buy Bitcoin when the price was low. They always felt that Bitcoin was too expensive and dared not buy it. Instead, they prefer to invest in altcoins, hoping to get a tenfold or even a hundredfold return. But the reality is that although Bitcoin is rising, altcoins have hardly fluctuated much, and some have even fallen.

2. **Position preferences of large-capital retail investors**: In the circle, retail investors with larger funds usually allocate most of their positions to mainstream cryptocurrencies such as BTC, $ETH , $BNB , etc. For these long-term bulls, short-term market fluctuations will not attract too much attention from them. They will not be complacent because of a small rise in the market, nor will they rush to find bad news because of a small pullback. Their wealth and cognitive level make them not overly concerned about short-term fluctuations.

3. **It is more difficult to make money**: In the past, making money in the cryptocurrency world may follow the 80/20 rule, that is, 20% of people make money and 80% do not. But now, it is more difficult to make money in the cryptocurrency world, and perhaps less than 10% of people can make a profit. Many times, the problem is not the market itself or the lack of skyrocketing currencies, but the investors' position management, entry points and timing judgment. These factors are the key to determining the success or failure of an investment.