Retail investors are indeed in a difficult position in the current crypto market—buying in too much leads to large players pulling out and abandoning the market; buying in too little means even if the market performs well, they can't make much profit. The cost of issuing tokens now is almost negligible, which makes the situation even more complicated.

The fundamental reason is information asymmetry. The market tends to follow the strategies of KOLs and big players, but retail investors find it hard to accurately grasp how much they have bought and when they are deploying their positions. This uncertainty accumulates, causing many to give up on certain assets and turn to other opportunities.

It's not that they can't make money, but that the variables are too many—without insider information to support their choices, the success rate is inherently low.