Do repost and rate:
Soon the SEC will give their verdict on the Blackrock ETF which we have all been waiting for. Of course if it doesn’t get approved it’s extremely bearish as much of the approval rally has probably been priced in on a retail level. On the other hand if the ETF gets approval btc is not guaranteed to moon.
Hedge funds and big bank aren’t stupid, they are in bed with the SEC and will know if it’s gonna get approved before it does, they likely will crash the price to allow them to accumulate cheaply. Of course approval is very bullish long term but don’t get stuck holding the bag in the short term (if you Are margin trading)
