Almost everyone going long on BTC is waiting for a big pump to sell off, the goal is to sell and exit at the top of this bull market. Does this explain the current market situation? In comparison, most people going long on CRCL think of themselves as diamond hands, aiming for a trillion-dollar market cap or holding for 5-10 years. In other words, BTC holders are almost all speculators now, with only a handful like MSTR.