Just going back to this thread, the ETF has been approved, and we have seen like $600 million flowing on the first day and it shook the market, pushing as high as $49,000. But now the market is calm already from all the ETF hype, we've seen minor dips to $40,000k'ish but it went back in the last 24 hours to $42,000.
What I'm saying is that just because of the approval of ETF, we should expect something big to happen right away. That is not the case, the real catalyst for the market is the block halving that is going to happen in April and not this ETF approvals. It could be a factor though, but the effect is not going to be felt right away by the ecosystem and maybe there are still some entities taking advantage of that big push and sell.
There was much hypes around the bitcoin ETF approval and most of us expected that bitcoin price will just double over night, Which is not a rocket science thing but requires alot market actions for that to happen, and some time, it takes alot of time and efforts before the results of most of such events can be felt in the price chat.
So even though bitcoin ETF have been approved, it will not not just change the face of the market at once, but will take a gradual process for that to happen so let not be surprised to see bitcoin market behaviours being the opposite at the moment.