Many people often have some misunderstandings about the cyclical changes in the crypto assets market. In reality, the peak of a bull run is not caused by sudden dumping or "砸盘". Instead, it gradually forms when the market generally falls into excessive optimism and even the fear of missing out (FOMO) on (. When buying enthusiasm reaches its peak and market momentum gradually exhausts, prices naturally reach their zenith. In other words, market highs are driven by sustained buying rather than selling pressure.

The same logic applies to the formation of the bear market bottom. The true market low is not created by a large number of investors trying to catch the bottom. It usually occurs after a series of liquidations and margin calls, when the confidence of market participants has completely collapsed and they rush to cut their losses. Therefore, we can say that the market bottom is "cut" out by panic dumping, rather than "caught" by optimists.

This in-depth understanding of the mechanism for forming market tops and bottoms is particularly important for investors in mainstream crypto assets like Ethereum )ETH(. It reminds us that when making investment decisions, we should not only focus on price trends but also closely observe changes in overall market sentiment and participation. Only in this way can we make wiser judgments in market cycles.