The Market becomes extremely unpredictable and nobody knows what is going to happen next. I feel like the Whales are playing with the market at this moment. The BTC market is relying on the American Spot ETF market. Net inflow in the ETF market means there will be a little pump and Net Outflow means there will be a dump. It pretty much fully depends on the ETF market.
Crypto market will be always unpredictable, that's why investing in crypto is high risk. Sure, group of whales are trying to take the advantage of every moment on the market. They have the power to shake the market, so they are trying to influence the price movement. However, they can't influence the market for the long run, they only shake the market temporary. If the market often dropped recently, just be optimistic that it won't last a long time.
The hype of ETF market is over, I think there is no impact of ETF market for now. What pump do you mean? In the last few days, we have no pump at all. I think this bad situation in the market may last until the end of the month.
I haven't seen Bitcoin Moving opposite direction of the ETF market since the approval. So, yeah, these companies are moving the market and making it more centralized. They can do whatever they want. If a company dump their 50% shares, we are dead.
We are dead? Please explain more?
I think crypto world doesn't totally depend on ETF market. We can continue this bullish season without the influence ETF market. I don't understand about the opposite direction you mean, but crypto market already experienced both red and green after the approval of ETF market. I think it is normal, nothing we must be so worried.