Critical Update: The introduction of Bitcoin ETFs with 11 players approval, consider it as a long-term positive development. Short-term may witness quite a swing, large profit takings and market manipulations.

In short-term, these ETFs are being used to arbitrage Bitcoin through OTC backdoor deals and cash-creation setups for big players. The Grayscale Arb is a particular pain right now causing a lot of this movement so do not let your emotions turmoil the trades.

Meanwhile retail investors are rotating into other assets chasing the latest pump and that is ETH as it's not been in the direct target at this market. Eye on SOL as great chances are there for beautiful swings mostly in your favor.