In the cryptocurrency space, when we expect a certain bullish trend in any particular coin, we may not get it exactly as expected, but rather different behavior may be observed. Many people take these behaviors differently. During the period we would like to see a bull run in Ether price due to ETFs approval but there is no change in the price in this currency. My main point of bringing this topic here is that there are many people who try to invest with a specific event in mind but they don't always succeed in that goal. The only message to those investors is that success in the crypto space requires patience. Even if it is not good for us at the time we are expecting, we can get more than that expectation in the future. Of course, investors must have a long-term plan before investing.
Long-term thinking and patience are always necessary in any market, especially crypto. However, patience is not enough to make big profits in this market. Each important market event can be the start or end of an uptrend, and their impact depends on the time they occur.
I still remember the BTC Future ETF approval event in October 2021, which created excitement and FOMO, but we saw a bull-trap when BTC failed to reach $100K. Now, we can easily recognize that this news came out when the market was at the hottest point of the bullrun 2021 to create a false belief in a super-cycle, giving whales a wider distribution range wwith better liquidity.
On the contrary, for BTC & ETH Spot ETF, we are in the early stages of this bullrun, and I believe they will have a positive impact in thí bullrun to drive growth for the entire market. I am not really concerned about their short-term impact, as there are always buyers and sellers in the market. We should remember that in previous cycles, when we did not have Spot ETFs, the market still grew impressively and brought profits to wise investors.