The more the market is like this, the more people lose money. Took a glance at the crypto community, and everyone’s shorting. As soon as altcoins pump dozens of points in a short time, a bunch of people jump in to short. They don’t set stop-losses during the pump, stubbornly holding their positions, becoming fuel for the whales. The lucky ones or those with enough margin might barely survive, but they’re the minority—most end up getting liquidated in the end.