During this period, especially with altcoins, traders have performed better than holders. Not because they are magically better, but because the market is messy, sideways, and full of rapid rotations. If you hold altcoins in such a phase, you often find yourself stuck in long drawdowns waiting for an expansion that never comes. Traders, on the other hand, take advantage of the movement, cash in, and go flat. Then they start again. But there is a reason why not everyone does this. Trading is much more tiring. It wears you down mentally. You have to make decisions every day, accept stops, manage risk, and not let your ego get the better of you. It's a constant battle. Holders suffer less in the short term... but often pay for it in the long term. Traders are more stressed... but in these phases, they defend and grow their capital. There are very few traders and many holders, if you do the math.