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Analysis of the situation after the historic approval of the Bitcoin ETF:
1. Pre-approval speculation:
- Before the approval of the Bitcoin ETF, there was heavy speculation in the market. Investors anticipated a significant upward move following the approval, and some may have bought in anticipation of these gains.
- Disappointment in meeting these expectations can lead to massive sell-off and correction.
2. FOMO (Fear of Missing Out) Before Approval:
â Bitcoin price saw a sharp increase from $15,400 to $49,000 due to FOMO related to the ETF approval.
- Before the approval of the Bitcoin ETF, there was heavy speculation in the market. Investors anticipated a significant upward move following the approval, and some may have bought in anticipation of these gains.
- Disappointment in meeting these expectations can lead to massive sell-off and correction.
2. FOMO (Fear of Missing Out) Before Approval:
â Bitcoin price saw a sharp increase from $15,400 to $49,000 due to FOMO related to the ETF approval.
