Yes, the vast majority of cryptocurrency traders lose, with the percentage reaching 97% or 98%, due to severe volatility, lack of education and proper analysis, making emotional decisions, using very high leverage, and the unstudied pursuit of quick profits, which makes them fall victim to the market instead of benefiting from it, unlike long-term investment based on research and understanding.

Main reasons for the loss of most traders:

High volatility: The cryptocurrency market is extremely volatile, and any slight movement can cause significant losses or very quick profits, enticing traders and trapping them in a loss.

Lack of education and understanding: Most new traders do not understand the market, rely on emotional indicators, and follow the "trend" without deep analysis, according to Quora and Quora.

Emotional decisions: Fear and greed drive traders to make hasty decisions, such as selling at a loss or buying at the market peak, which risk management strategies like the "1% rule" try to avoid, according to CMC Markets.

High leverage: Using high leverage significantly increases risks, which can lead to losing a large portion of capital quickly, even with slight price movements.

Day Trading: Focusing on quick profits through day trading puts traders in constant confrontation with the market, unlike long-term investing.