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.
Why should day traders exiting the market be good for cryptocurrencies? Speculation is also good, because it provides liquidity. The person who buys your bitcoins when you have a desperate need to sell might be a day trader after all.