When you say in longterm Bitcoin price will stabilize, in how many year do you mean? Like approx 10 years?
No... what I imagine is something that will take decades, maybe our generation won't see it. Bitcoin is still very young, the software is a BETA version that is still in full development. So even though it doesn't seem like it, we are at the beginning of all this.
We are definitely heading towards price stability even though it would never be like a a stable coin but the fluctuations that some Alt-coins experiences due to volatility is not the same as that of bitcoin. The volatility rate of bitcoin price is no longer high again. If we look at the price we are even expecting in the next bull run many will tell you that at most it will be a $200k new ATH which is just like 3x from the current ATH before we would have even predicted a 5x to 10x but no the market is not that too volatile and that’s why the best thing is to hodl for a very long term
ETF and halving are entirely different events. Can't judge one by the other. Halving always leads to a big bull run.
Also the ETFs DID make bitcoin grow. Hype for the ETFs is largely what drove Bitcoin from like $30k to high $40,000s the past few months. And ETFs will continue to increase the price in the future as billions of dollars continue to flow into them. The main reason price temporarily dropped after the ETFs were approved is because people wanted to "sell the news" and there's been $2-3 billion dollars of selling from the Grayscale ETF which has neutralized what would otherwise have been a strong positive effect from the billions of buying into the other ETFs.
People actually hyped this ETF saga still to a very high potential thinking it could push it way high but that’s not the case as bitcoin tends to re correct after every hype that either affects it negatively or positively. This high level of sale as expected is by whales because they knew many will give in and once ETF is approved they will take their profit early before the market actually corrects. The idea is look into long term and not a short term like ETF hypes