The bitcoin bulls and moonboys are back and think "up only" without considering the years of history of volatility in BTC price leading up to the halving event. The ETF is simply another narrative which has more than likely been priced in at this stage. In the event of an approval, it seems like it is going to end up being a sell-news event, with significant recovery after the halving which has historically been proven to be an enormous catalyst for a crypto bull market.
Currently, there is too much euphoria, dumb coins pumping for absolutely no reason other than to extract liquidity, and moonboys that see any short/mid term bearish scenario as negative and don't want to hear it. Anyone in this already for atleast 2 cycles has seen how this plays out... steady lads.
Currently, there is too much euphoria, dumb coins pumping for absolutely no reason other than to extract liquidity, and moonboys that see any short/mid term bearish scenario as negative and don't want to hear it. Anyone in this already for atleast 2 cycles has seen how this plays out... steady lads.