Crypto Chaos: Why Traders Are Struggling to Make a Profit

In the wild world of crypto, things are not looking so good for many traders. Bitcoin and Ethereum are still doing okay, but most other coins are lagging behind. This is making people upset, especially those who bet on smaller coins. Things have been super up and down. This makes it hard for people to make money by trading a lot. The data shows that just holding on to big coins like Bitcoin and Ethereum has been the only sure way to make a profit lately. Some traders are doing well. Two of them made over $17 million in profits. They had really good win rates on Bitcoin, Ethereum, and Solana. Another trader who lost everything on October 11th bounced back. They made a $5 million profit by betting on Ethereum.But it's not all good news. Bearish traders who bet against Bitcoin made around $35 million, but one of them lost everything after being in profit. Scott Melker, a well-known trader, called this the "worst crypto bull market ever. " He said only Bitcoin holders are making real money. People who traded a lot or put money into smaller coins likely lost money. Unlike before, this market hasn't had a big altcoin season. Crypto stocks had short rallies but then fell sharply. Even big investors with lots of money have seen big losses, making everyone frustrated. The recent big liquidation event was the largest in crypto history. It wiped out both bullish and bearish positions, leaving most traders in the red.