This is the downside of news-based trading. It's also the trap set by market makers and exchanges to liquidate existing positions in the market to legitimize pushing the price or initiating the next short sale. The market has been incredibly chaotic in recent days with ETF news, but it's hard to accept the reason for the SEC's X account - a seemingly primitive excuse for the largest U.S. regulatory body to be hacked. The blatant manipulation and pricing tricks of those behind the scenes are disgusting. It's tough for news traders right now, personally, I choose to stay on the sidelines and not trade during this chaotic period.

For those holders, this could be seen as a shakeout, take coins from the weak hands. I believe many people had to sell off during this period if they were glued to market developments continuously. Stay calm; otherwise, we'll become easy prey for the sharks.

In my opinion, we should be flexible and balance between trading and holding, should not be too rigid, we should just always hold and say no to trading or always trade but not hold. Because the market will have different phases, there will be a period when it is good to hold and a period when it is very easy to profit from short-term trading. We should take advantage to optimize our capital whenever we have the opportunity. But trading is riskier than holding so it is important that we allocate capital properly. Don't mix the two together, we will be in trouble if the market does not behave as we expected.

Experience traders/investors would have known what would have happened, this is not new, rumours and fake news could at times be more potent than actual news/events. The hype around Bitcoin ETF has already made Bitcoin move about $23,000 upwards even before the news, what does anyone expect further off the coin than this? Fine, the market might still be making efforts to rise even at that, but the effect can't be as strong as many would thought. Bitcoin had even done well by moving that much, you will hardly see any market that will perform like that just because of an expectation. It was because all eyes were on the event and also due to how Bitcoin is structured, these could only explain what happened.

I expected that though, and it is due to the way everything turned out late last year. Going forward, the approval of the ETF would not help Bitcoin much in growing further but the post-halving effect would, it had done what it wanted to do as the market has it priced in already. However, I expect Bitcoin to go up gradually over time, this will be gradual and could be slow but the bullish path will continue since the ETF approval is positive for the coin and the long-term market sentiment remains bullish as well.

I think with the SEC approving the ETF, the SEC and Gensler will not be subject to accusations like previous rumors. Furthermore, social network X has also officially announced that the SEC account has indeed been hacked, so if this act is prosecuted, social network X will inevitably be implicated.
Everyone is happy that the ETF passed, and no one is talking about this manipulation but if the ETF does not pass, I think the SEC and Gensler will be in big trouble.

Trading cryptocurrency especially as futures is very risky due to the volatility and this is something you should always have on your mind before you decide to try crypto trading, another point to note is the place of news and it's effect on the market, if you are not really informed well enough you may suffer good loss when there's a news such as that with sec and the Bitcoin ETF yesterday or better still you avoid the trading aspect and just HODL, if you aren't proficient enough make sure not to be in the market when there's great impact news as this because it can actually get you rich at once and also liquidate you in split seconds.

Trading in cryptocurrency is not advised most times but Hodling is because if you were hodling the news yesterday will definitely be in your favour much more than it would be against you.

If a trader has a good understanding of the market and if his capital is relatively large then there is no need for him to do futures trading. As we saw a few days ago, the price of ethereum was close to $2K , but within a few days, the price of ethereum went close to $2.7K that is, if a trader spent 2000 dollars on spot trading, he would have made a profit of 700 dollars.

Most of the traders go into futures trading mainly with the hope of extra profit but most of the time they lose their money instead of extra profit so they don't have money to do spot trading at that time. We have to stay where the money is very safe, even if the profit is less. If he can trade regularly in spot trading and if he can trade by understanding the market, he can earn a good amount of money monthly than a future trader.

We can't stop people from trying a trading style that they think might make them more profit.
Spot trading is quite safer as said, but it is still not protected from high fees and market volatilities.
A trader who has learnt a great deal from losing while trading leverage will be more willing to try using bots and might find it better and profitable.

Nobody will tell me otherwise that SEC didn't plan this heinous move. I have so many questions and one of that was "has SEC X account has ever been hack before? I doubt because I search Google and I couldn't see any news about that but it was the day people expected them to announce the ETF they decided to play bitcoin smartness and to say that Gary Gensler was quick to debunk that news under 3 minutes with his own own account, we have been played everyone.

I was watching the CNBC when it was live on YouTube and that guy was just opening his mouth and saying bad things about Bitcoin, if it was another influence person from the Bitcoin community went to CNBC to say bad things about government and the US banks, under 24 hours that news channel will be closed down but they shouldn't worry. The battle line has been drawn.

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In everything you do, either a trader or holder, make sure you don't sleep on Bitcoin.

This is probably happening now as bitcoin price has dropped instead rather than seeing it surging high. However, it's not bad as it is since it widely opens a new opportunity for beginners and long term hodlers to buy and hold more in preparation for the upcoming bitcoin halving. So I guess the whole scene even if we would like to believe that its staged and planned, at least there are still advantages that we can gain from it, we just have to look at the brighter side.

As a lot of newcomers are aiming to get rich quick, they have the notion going into futures or leverage, will give them high profits.
However, it is too late when they realized that their position is already liquidated and nothing had left on their funds.
They need to learn their lessons in expensive way before they realized their mistakes but that would give them a different perception on this market.
This there's more than meets the eyes in this area of investment.