Don’t get discouraged. I recently chatted with a few top traders operating in Dubai. This market cycle? They’re losing money too. Since October 11, the number of people actually making money can be counted on one hand—this isn’t a joke, it’s reality.

The game has changed. Institutions and sovereign funds are piling in, squeezing out retail investors’ room to survive. Ironically, in this so-called bull market, participants aren’t making money. It’s even more punishing than a bear market.

If this continues, what faith will be left in this space? Getting rich overnight? Don’t even think about it. But losing ten million could take just one sleepless night. The market is using the harshest way to educate anyone still harboring fantasies.

Bitcoin and Ethereum’s price movements are getting harder and harder to read.