I have seen it many times before, and now I am seeing it again. During the American trading hours, when the ETF fever should hit the markets and BTC pump, that is when things fall. It is quite interesting, but what started as a green morning in Europe, ended up being a reddish evening in Europe, and when it is evening in Europe, that is when the people stand in line to trade at the New York Stock Exchange.
Why is that? Are they more realistic there? Are they less vulnerable to hype? Or are they just boring and regulated, and they don't feel like taking big risks?
I have no clue, but I do know that in the long term, they will join in, either crawling after, or by stepping in time before the start of the true bullrun.