The number of traders is increasing more than before as more people are generally becoming more interested in ways to become more financially independent and as thus in search of skills like trading.
Does the number of traders directly affect the volatility of the market? If it does, can we assume that trading was easier before with less traders (less volatility) than now when there are more traders, and the market more volatile?
The increasing number of traders has an effect on market volatility. For example, you can see the tokens that are currently hype and those that are going sideways. And you can compare the trading volume. And actually more traders or increasing trading volume is actually a good thing and even for us daily traders, this volatility is what we exploit to get small profits in the near future with the scalping method. And the increasing number of orders on the market also makes transactions easier. But the more volatile the market, the higher the risk. Because sometimes the market becomes more difficult to analyze. But as long as the trend hasn't shown a reversal then it's usually fine. And sometimes Chart Pattern is useful in such markets. looks simple but quite effective.