There is another downwards trend which has occurred during the weekend, the next week is really crucial. There has been talk of it going down to $3000 which is close to the GTFO price 
Many traders are confused about what to do with the crypto market, there are no positive fundamentals capable of convincing traders so they choose to use technical analysis. So the agreement is to reduce prices. Whereas ETFs and Bakkt are still speculative points, even though in reality they have no meaning in the stages of blockchain technology.