Daily traders trade on volatility and with leverage. Bitcoin prices did go up and down 1000 dollars in a day last year. No difference for the hodler, since price was roughly the same at the end of the day,but massive opportunity/risk for the day traders.
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Correct. The people who have been holding for much of the bear market would like very much to see an increase in prices in the near future. They have seen enough red for the time being.
Indeed