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.
I also think the ETFs have the biggest impact on the market currently. Maybe not so much for the average retail investor but institutions that are probing the market but rather hesitanting as there need to be more clearity regarding regulation. What are the odds it is going to be approved in September?