Bitcoin experiences a 6.8% drop after the much-anticipated spot Bitcoin ETF approval.

Miners' outflows hit a six-year high, raising concerns about potential sell-offs.

Despite the price drop, derivatives show sustained investor interest with a 14% increase in open interest.

A balanced put-to-call ratio suggests investors are not overwhelmingly bearish on Bitcoin.

Trader skepticism and uncertainties surrounding ETF mechanics contribute to the market's recent rollercoaster ride.