But who would buy on the first day and sell on the last day of the month? What a silly way of picturing it. I'm sure somewhere, some journalist is painting a dreary picture about the doom of bitcoin with that data. That's not a reasonable investment strategy.

The images of the crashes are interesting though because it shows how quickly bitcoin moves when it decides to correct. You can even see these kinds of movements on the smaller timeframes too. They are just sudden violent jerks in one direction, oftentimes followed by a quick retrace as everyone rushes in to buy the dip.