I don't know why most people enjoy the heavy rise of bitcoin while it is only good for long term holders. How long do they want to hold? Forever? They have to sell at some point and exit the market.
Ah, the classic misconception that every single one of the long-term holders are simply holding bitcoin for a good chunk of years just to sell in the end.
Look, some of us simply want self-sovereignty, to have money that the central banks can't fuck with through inflation. A lot of people aren't just financially invested, but ideologically invested as well.
Let me show you the classic Bitcoin Neo meme: