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 ?
It would be better if Bitcoin gets the SEC approval it will be a big kick for Bitcoin and other cryptocurrency as well, I agree with your asessment that we do not have ETF last year and we had a great year last year, but people and investors wants to see huge changes and development in cryptocurrency and ETF is a big start.