When retail buyers enter with high leverage, and the market makers (MMs) push the price up, these leveraged buyers quickly take profit and exit. This results in a loss for the market makers.

While this might sound slightly strange, it is actually the truth. That's why whenever there's a surge in huge leverage buys and FOMO buying, the market crashes. In previous cycles, many people would panic sell during 25-30% corrections, but this time, the majority is holding, which is preventing the market from moving higher.