I think rich investors can wait for bull market but small investors can't because they have less amount of money. So if we want make money from crypto then trade is the best policy for making money. If i have million Asset then i could buy more token and wait for bull market.
In the end, everything cannot be separated from the situation where the funds are available to make investments. For small investors, with the current situation, they will experience a dilemma, whether to continue to hold in a situation where funds are needed to continue to be rotated so that their needs can also be met. So what you said is true, investors with large funds will be able to hold on and wait for a bull market to reach it, not for investors with small funds, they must always trade so that their existing funds can be rotated even though they are full of risks.