Sure thing this ETF news will give a D*mn something
For now, I'd say expect the unexpected if ever the upcoming ETF has been approved. If not, then I suggest everyone do their usual and not get to worked up about what will happen in the next coming days. IMO, the price movements that we will see on Thursday or Friday is not that significant since it will recover anyway if we will see a mega short squeeze unless ETF has been approved.
this is just bitcoin going back up because it is very underpriced. people think it is because of ETF news and a lot of other things which is why they FOMO buy and then when they reject ETFs they panic sell.
for the time being we are on the rise and placing any kind of short is not a good idea in my opinion.