The reasoning for escaping the peak now is the same as buying the dip at the bottom. During the bottom phase, when buying the dip, people think that the bull will continue to rise immediately. When escaping the peak and holding a short position, people think that it will immediately drop to the level where they can enter the market again. This reflects the dynamic nature of human behavior in the market. A common saying is that when trapped, people would rather miss out than be trapped. When closing all positions at the peak, as long as the market doesn't drop significantly, people would say they'd rather be trapped than miss out. This is human nature and psychology.

The market will not always fall after you short position and escape the peak, nor will it start to rise just because you bought the dip. During this process, everyone tends to believe they are the chosen one, or they feel impressive just because the price rises slightly after buying the dip. However, in reality, even a slight rebound serves as a signal to entice you. This also applies to the current situation of closing all positions; even though the price has fallen now, as soon as there is a slight rebound, everyone starts to wonder if they might miss out.
In the crypto world, remember one thing: do not buy high, do not sell low, buy more as it falls, sell more as it rises. If you grasp this rhythm, you won't incur losses. Always remember K's sayings: sell big on big rises, buy big on big falls. Buy when no one cares, sell when the crowd is buzzing.
Every experience is a way to accumulate one's own knowledge, and I hope everyone has good returns in this market.