Personally I'm not surprise to see it happening because I've commit and believe on crypto just like I did 5 years ago.
Short term trading is fine because you can earn profit more but why do you spend your effort to do something risky while you can earn almost same amount while you're doing longer term trading !
if you look at the market now maybe short-term trading and long-term trading are equally profitable. where everything can be done based on the right asset choice. because some assets have now shown attractive increases and decreases. like BNB moves are very dynamic, interesting to trade.