I think a lot of people is going to go bankrupt with their short expectations.
ETF or not, bitcoin is growing and too strong, it will keep growing. If the ETF is rejected, it just means we are closer than we were from an ETF getting accepted. The SEC will give up the final recommendations and changes required for the ETF to get passed the next time. This is a long term race. ETF rejected means nothing. Shorts that are expecting a big crash may have their short positions backfire.
ETF or not, bitcoin is growing and too strong, it will keep growing. If the ETF is rejected, it just means we are closer than we were from an ETF getting accepted. The SEC will give up the final recommendations and changes required for the ETF to get passed the next time. This is a long term race. ETF rejected means nothing. Shorts that are expecting a big crash may have their short positions backfire.
That is my thinking....if it does not pass...800 to 900 coin and it pops back to around ATH in a month, due to strong fundamentals imho
If the ETF does pass..then buy like heck because the mother of all pumps is coming and the new floor will likely (again imho) be around 1500 usd at worst)
thus perfect....moon buy...bust buy..as a long term holder it is even more obvious then normal when to buy