Worst Post Halving Year ROI despite massive inflows from ETFs.

So here we are, yet another day of $500 million dollar ETF net inflows... and we're down. wtf?

Something doesn't add up. It's been 10 months already.

Despite institutional adoption and the massive inflows, Bitcoin has only gained 45% since when the ETF's went live on January 11th. It's been the worst performing post halving cycle ever.

Of course, some selling was expected due to those who were front running the ETF approval.

It's been over 10 months now. How is it that every time we get a half billion dollar net inflow day, it is offset with a half billion of outflows? Pure coincidence? It's almost as if it's coordinated. I mean, if it were to happen once or twice, sure no big deal. But we've had at least a half dozen $500 million days and we get a price drop every time?

You mean to tell me that retail investors are so in tune with the ETF inflows that they just magically appear every time to offset the inflows? Simply not possible.

All the gains post January 11th happened within the first 45 days of the ETF going live. February saw a 43% gain. That's basically the whole of it.

It's been a low bleed the past 10 months despite unprecedented, massive inflows.

Could the worst fears about paper Bitcoin from the ETF issuers have merit? Or could it be massive short selling from market makers? Or is it just a new breed of super sellers despite being on the cusp of a new bull market? I don't believe retail has the sort of buying/selling power to move a Trillion dollar asset like Bitcoin.

https://preview.redd.it/3ld9ym2isbvd1.png?2360&format=png&auto=webp&s=aa77cc0809cf78d5ecff5703dc1bee312145d410