Though it may not really be Maxtrixport's report on possible disapproval of spot Bitcoin ETFs by SEC, but the report is also part of what caused the panic because now that we're waiting for Spot Bitcoin ETF approval, so many investors are at alert of what the outcome will turn out to be so with the report of such nature can cause anxiety among crypto investors more especially those that are only interested in short term investments.

Even if it was a strategy or a game plan to cause panic in other for investors to sell of their coins, a good and long term crypto investor doesn't really need to be moved by such a report more especially a Bitcoin investor because even if spot Bitcoin ETFs ain't approved by SEC it doesn't really make any much difference as Bitcoin will still continue to soar among other cryptocurrencies.