Now that the big guys like Blackrock are moving into the space, a massive jump in price seems almost inevitable. If their ETF gets approved it will be a situation of the higher Bitcoin’s price goes the more money they’ll be able to take in on fees, which will act as a feedback loop as they accumulate everything they can buy using their own investor’s money.
Indeed, from this incident we can judge that good news is still very influential in the market,
which means it is good that the market is still in good condition, bad news causes dumps and good news causes pumps,
but if we are in a bearish season, good news has no effect on market, well let's hope this is a good sign.