Yes it's true that in short term price movements it doesn't matter if the price goes below $40k once again if they really reject the ETF proposal, at least the price of bitcoin isn't too hanging in the $40k - $46k area, but I think if there is a decline it would be good to be able to Give it some more time until the next bitcoin halving in a few months, the interesting thing is that anyone would be happy to buy bitcoin under $40k and people are waiting there.

I don't think this will affect bitcoin holders' panic, changes in price if they experience a decline will not make many people panic because the Bitcoin halving is approaching, which makes them more confident than waiting for the ETF proposal to be actually approved, so this is something that everyone is looking forward to. the public in general regarding ETF applications.