wasn't it buy the rumors and sell the news events? I think the news has been sold and now the time for consolidation for bitcoin. IMO bitcoin will not start moving upward before the halving and even after the halving bitcoin will still continue moving sideways. In the meantime all those ETF managers will keep buying bitcoin and they will emerge as the biggest bitcoin holders in the industry. Which is good for the short term but in the long term this things can turn ugly.
Those kind of market sentiment is already reflecting out or does already happening on crypto space specially on that buy the rumor and sell the new because if we do tend to compare this crypto market into those traditional market like stocks/forex then this is something that typical. We've seen that this space isnt really that following into that kind of sentiment but now that those fellas are already that getting involved into this space
then it do really turns out that it is already that getting in line with this kind of approach and this is why people might have been able to make out that significant action on which there indeed people who do able to secure
their position and able to save up themselves on that opposite direction on which we've seen on what happened on the price on that ETF approval news on which instead the price would be going up
we've seen the different movement instead on which its not that actually shocking but rather its already that anticipated. It is really just that there are ones who are really that too optimistic on things
on which it did really lead out into that kind of wishful thinking on which its never been that recommended to be that way.