The Bitcoin ETF, long-awaited by the crypto community, was approved on January 10, 2024, leading to a significant surge in Bitcoin's price to between $72,000 and $73,000. This approval invigorated the markets, with increasing Bitcoin entries in many ETFs, and further price increases were anticipated. Coinbase exchange stood out during this period, with the 30-day Coinbase Premium Index consistently showing green following the ETF approval.

However, by March, ETF withdrawals increased, leading to market disillusionment. Cautious approaches regarding inflation from the US further deteriorated the market, causing ETFs to deflate. Consequently, Bitcoin's price fell to $61,000, and the ETF side is still weakly progressing.

A return to former glory requires new market inflows, best monitored by following the daily chart data (30-day Coinbase premium, ETF volume, ETF price). The futures dominating the market should also be considered. Unfortunately, small investors continue to take long positions during downturns and short positions during rises, highlighting the importance of effective psychological state management.