Unfortunately, the idea of Bitcoin was destroyed by simple speculations on the cryptocurrency courses. People are primarily interested in profits, not decentralization and changes in the global economy. Bitcoin investments will be relevant as long as the bubble is pumped up.
This is my personal opinion about HODL, which is a passive investment where only think of profits even though the timing is uncertain. They have large financial resources and are very safe because the money is not from debt.
Different from the characteristics of bitcoin traders who are always active in analyzing price movements to execute whether to sell or buy bitcoin. If the price goes up, they sell it even though it's a little profitable. When prices go down, traders buy them and immediately sell them back as fast as lightning when prices rise. That is a trader.