$BTC Now it’s the bull market for institutional quant trading—while retail investors are in a bear market. Liquidity is drying up, and robots come to harvest you back and forth. Don’t look at altcoins’ so-called market-cap narratives. Wherever it’s easier to cut, they take it from there: if the proportion of retail opening long positions is high, they kill longs; if the proportion of retail opening short positions is high, they kill shorts. The only thing you can do is buy the other side.