Buy the rumor sell the news example's happened after ETF news didn't help btc price. Bitcoin's price disappointed before ETF news. It's today at $40,300 so that doesn't make it something ppl are scrambling to buy. What's gone negative with ETF news.
Bitcoin didn't fly to the moon on the ETF news. It's surprising because btc lost value at a time when ppl talked about record price before halving so what's going to make it stop losing more value?
It's an example of "Buy the rumor, sell the news".
Bitcoin actually took off in last 4 months of 2023 and I really don't expect it to continue taking off more after Bitcoin Spot ETF approvals in January 2024. It makes sense if Bitcoin has correction after four continuous green months in 2023.
Corrections three months before halving in April 2024 are good and necessary to clean up the market for a big bull run after halving.