Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.
When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.
Not everyone has the same thoughts and and analysis of the market. A blind bullish faith too might not work for everyone specially short term traders.
There's no doubt bitcoin has been making progressive all time highs historically. But there's also long pauses between. People who are into trading benefits from the price swings and people shorting even makes profit on decreasing market. Not selling could sound good for us who expects x4 on our investment within next year but their are traders who wish to x2 their money every months.
If everyone had the same mindset, the market would not work.