Why do bulls seem to be more carefree than bears even during a Bitcoin bear market?

1. Bear markets often feature sideways declines and sharp rallies. During sideways declines, bear profits accumulate slowly. When a sharp rally occurs, bear profits are quickly wiped out. Without strong resolve and mental resilience, this can be difficult to endure.
2. In a bear market, retail bulls can switch to holding spot assets, adopting an ostrich mentality—pretending to be dead—since as long as they don't sell, they don't realize a loss, and thus remain less anxious. Bears, on the other hand, often use leverage; even with 1x leverage, there's a risk of liquidation, requiring constant monitoring and calculations, which is mentally taxing.
3. Losing profits that have already been gained is psychologically much more painful than losing money from the start. For bears, closing positions early might lead to regret over missing out, while not closing can result in profit retracement, both of which drain mental energy.
4. In a bear market, bears are the primary counterparties for the main force, making them easy targets for traps. Most bulls are already pretending to be dead and lying flat, while active bears become liquidity fuel. Short chasing, fake breakouts, and forced squeezes are all traps set by the main force for bears.
5. A panic atmosphere persists throughout the bear market. Even a slight piece of good news can be interpreted as a bullish signal, becoming a tool for the main force to squeeze the market.
Bears in a bear market not only have to fight the market direction but also must be extremely precise in managing volatility, akin to walking a razor's edge.