My thoughts on the market. The SEC call to exchanges to update 19B-4 fillings skyrocketed the probability of approval for ETH ETF. The market reacted right away with a pump.
Also, the 1B$minted at Tether Treasury looks pretty bullish, the BTC dominance breaked the uptrend in 4H both in momentum and price.
We'll see tomorrow if it was just a speculative move. If not, this will trigger an alt season with parabolic growth. But if the ETF will be rejected, brace yourselves for a drop down of up to 50% on ETH and alts.
I chose to stop my positions and wait for the move. 👀
