The more this kind of market situation occurs, the more people lose money. I took a glance at the crypto community square, and everyone is shorting. As soon as altcoins surge by dozens of points in a short period, a bunch of people enter the market to open short positions, pushing the price up without setting stop-losses, stubbornly holding their positions, fueling the whales. Those with good luck or enough margin might survive by chance, but only a few, most end up liquidated in the end.