Do you think many big whales will start accumulating before ETF approval or after approval ?
I can't say categorically if the big whales will take advantage of this news and start buying but who knows? We all know the price went up upon news of an ETF approval and since the aim of every Bitcoin investor is to make profit, maybe they will use every window available to do so.
There is not much time left in the ETF approval and it may happen within a week or two, as the deadline for a decision of the approval or disapproval is in January of 2024.
This will be a big event for Bitcoin and the price will soar high but I do not know how long it will sustain because usually, these crypto events are like "Buy the News and Sell the Events". Let's hope Bitcoin ETF is not such type of event but still I think there will be a lot of volatility both on the buy and sell side, once the ETF is approved.