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.
But why has people got to be so concerned about this bitcoin spot ETF approval of a thing or not, any small changes observed with the bitcoin market price will be attributed to the event of breaking news on ETF approval, I can remember very well that Bitcoin has always been this volatile even before the issue of ETF application comes onboard, the market has been rising and falling and we are majorly focused on the halving, but what is happening now that we are shifting concentration on that to what may not really matters that much.