"The Crypto market was like this in 2020, and it was like this in 2017. They drained the coins by pushing them to the bottoms, and in the end, they raised them."

🔴 WRONG.

"The crypto market was like this in 2020 and it was like this in 2017. They crashed the coins to the dips, but there were almost no people holding the assets. Just as there were no people holding, there were also not millions of people waiting with a 99% loss. For the coins to rise, first, there needs to be cash to cover those millions of 'cutting off' until it reaches the cost level of the millions of existing investors. In previous bull runs, this cash was not needed because there were no millions of people waiting at a loss who would create selling pressure."

🟢 TRUE.

~

❓So

In previous bull markets, there was no need to bear such a massive loss to push the market up like today. In fact, there was no need at all because there were no investors to bear the losses.

Today, however, every wave of rise must also carry the total loss of up to 99% in millions of wallets waiting to be stirred beneath; in other words, the market needs to be lifted not only in terms of price, but also by dragging along an unprecedented 'mass cost graveyard' in history.

This means a market structure that is both technically and psychologically ruthless to an extent that cannot be compared to previous cycles.