Previous year also we faced a good bull run with out ETF. ETF not related to bull run. but panic people there so if ETF rejects by the sec or postponed they sell their portfolio for even loss.
So i believe normal market circle and bull run can be expected in next months.
what about your opinions ?
I think Yes, crypto market does not need ETF for bull run (however, if having ETF, im sure that it will be pumping dramatically). As you told, BTC could be pumped strongly without ETF last year. In this year, many young traders join in and most of them only trades via news. When they read the "bad news", they sell that leading the panic sell as you can see.