The bad news from the ETF and some expectations swayed the market. However, for the first time in a long time, Bitcoin did not hesitate due to security concerns during the uptrend. When Bitcoin ascended to the present day, a hacking news emerged and everything was reversed. Let's look at the last ETF statement. This ETF is the strongest and the anticipator will price Bitcoin upwards. We can see 10K level again in two week if ETF will affect BTC price. Or we will go down again.
Well ETF would mean people could buy bitcoin without the troubles that come with exchanges, that causes a set of different problems which eventually results in lack of trust from customers.
I read that bitcoin ETF is to reverse the trend of falling prices, even hoping it could power the bitcoin price to beat December's near $20,000 highs.