No. The recent price movement on Bitcoin taught most people a lesson. The market was so volatile that it creates new ATH in less than an hour. We saw new ATH quicker in an interval of two days so any trader who entered the market in the opposite direction has to wait for a while before the going regaining back the value or make profit. It may take longer for Bitcoin to go below $107k so it may happen as the price is in $117k now.

I think it only happens in futures trading where you can lose assets in an instant if you go long/short, the market price is very volatile, it has a very big risk if you do futures trading but with high rewards, it is different if you do spot trading, your assets will remain intact even if the market is down, you just wait for the price to return to normal to sell it or you can sell it at a loss, but that is better than losing all your assets.

This is only if you engage in futures and margin. I don't think the market is that volatile for a spot trader nlg to k know when to exit the market early, maybe futures can be a big blow on the face considering the fact that you are leveraging your trade and it might cost you but normal spot trader shouldn't have a problem exiting the market quickly especially when Bitcoin has already been giving the sign, it tasted $109k multiple times before it finally broke it.

I have made my peace that anytime I consider future trading, I will make sure that the market is going to be my friend, I will not go against the market. You can sense the market was giving the signal but some bear people will believe what they want to believe. Even if the public seeing it, if they are the only person that doesn't see it, no bull trader will make them change their mind and sometimes really ponder why some people are these stubborn about market beliefs.