The biggest factor affecting this round of bull market is not halving, but ETF. ETF has gradually dominated the development of BTC price. Many people regard this as the top. I think this is a wrong judgment. The real impact of global ETF on BTC and the cryptocurrency industry has just begun.
In the past 2-3 months, ETF funds have continued to flow into the 60,000-70,000 US dollars. Is it just to take over the ETF at this position? And basically there will be no short-term selling, which is obviously unreasonable. Is the US SEC and these global giants stupid or the market stupid?
This is an inevitable trend in the long-term ETF bull market. It is only a matter of time before it breaks through, and I think it will come soon.
