Why do most people buy at the high point?

Prices keep rising.
The news is all positive.
Everyone around is making money.
At this moment, the crowd decides, "It's time to get in."

Why?
Because people need confirmation signals.
Once the asset has already risen, the fear diminishes.
It seems like the risk has decreased.
But the actual situation is quite the opposite.
The higher the price, the closer it is to the big players' exit.
They buy silently.
Sell in frenzy.
The crowd is buying emotion.
Professionals are buying imbalance.

Conclusion:
If you feel "comfortable" with your purchase, you are probably already late.
The market profits from those
who make decisions influenced by emotions.