Now that market seems always falling down these will prevent day traders to day trade crypto which relatively most of the money from the investors will going to end up day trading with some of the individuals who were always looking after at the graph of crypto market price movement. Now I think they should better be gone. Without these day traders market price could go a good increase all the way. I hope they will not come back.
Falling price doesnt deter traders; they can go short as well as long. If day traders left, why would price go up?
Anyway, day traders dont dictate whether price goes up or down, as the exchange and OTC markets are much larger than them. They benefit the market, though, because they provide additional liquidity. If anything, we should be thanking traders for that.
