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.
it is called market manipulation. that's how big whales manipulate crypto market and influencer smaller bitcoin holders and traders, trap them into their panic trap and when they get trapped. start panicking and selling these big whales buy those bitcoins at cheaper rates.
Imagine how those people are feeling now who fell into this trap and sold their bitcoins. it is very sad but there is nothing can be done.
While ETF is still not approved. I am sure no matter what the result of ETF be. there won't be any effect on Bitcoin. panicking and selling your previous bitcoin at low rate is a stupid thing.