If I were a day trader I’d be a little concerned that the ETF volumes seemed to have peaked, yet. If we see lower volumes again tomorrow it could be a warning sign. Something to watch for. With the halving right around the corner though I think you’re better off sitting through any short term pain.
FTFY
It's not easy for institutions to shift huge investment sums around like that. Those already invested in spot ETF decided to do so before the SEC gave their thumbs-up, so they had their volumes ready. A part of the money just flew off GBTC to be embraced by Greyscale's (or Grayscale's?) new competitors.
All the other (unlucky) institutional investors have to get agreements signed by directors, shareholders etc. while some even wait if ETFs even might get a thing and observe before they decide to get in. So if you were a day trader, you might also be heading for losses by selling too early. But that's what daytraders do. They win, they lose, they win...
As we know here in WO, most are better of by trading market cycles. But if one is the type that is mainly driven by Adrenaline and Dopamine rushes, this would probably bore him/her to death.
To each it's own, they say...