One bitcoin is worth $6000 what bubbles did you drink? Champagne? If the U.S. Securities and Exchange Commission (SEC) accepts the ETF, it only takes a few hours to get back to $12000 or higher. the Billions of dollars are still there.
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I never said it couldn't go lower, or this was the bottom, just that the odds of making new highs this year like many thought are likely long gone. Though an bitcoin ETF might get us close as you suggested. My point was that things had been holding up for a possible rally, but now all the supports have broken, everything is being sold all at once. Almost no demand for anything currently.
Patience is key, they say