Very bad news for BTC holders. BTC price is not moving upwards in August 2018. Looks like the rest of the days of August will be in downtrends for BTC price chart. The red is dominating green for all altcoins. Looks like another panic month for longtime holders.
As it has been mentioned as long term holders by OP,there is nothing bad news for them as they actually don't bother short term fluctuations.It would be bad news only for day traders who would find it difficult to make profit as price fluctuations were their main source to make profit.