panic buying going on now. traders predict the price will be higher. and after halving the price will be very influential. every person who has the money today is going to buy bitcoin as much as possible.
I think you are right, real smart traders or investors does not matter even if the price is really high today as it was expected to rise more by the end of the halving. This is a good opportunity for those who have a lot of money to buy as this just comes very often.