The ETF approval trading panic has come and gone. What we need to do now is to add news or comment from America security and exchange commission to those news that does not move bitcoin price. We should focus on news from people bank of china because this is the major news that drives bitcoin price for now. Chinese hold over 75% of bitcoin is a reality from what happened yesterday.
That's because it wasn't the real panic, but a move by whales to induce fake panic by dumping at the right time. They were hoping to cause a chain reaction and trigger automatic sell orders, but nothing happened. The price went down by less than 10% and bounced back. I'm happy that people did not let ETF decide the future of bitcoin, but there will be another attempt, i'm sure of it.
