ETFs really buy things without looking at prices. Americans are wealthier than everyone thinks, and these guys hold long-term. However, when they encounter a downturn, they stop buying. Being trapped is like playing dead. This can be referenced by Grayscale's performance in 2022. The investments in these ETFs also expect Bitcoin to rise, which is why they keep buying. Once it stops rising, these ETF investors may not dare to buy more at lower prices, but instead remain trapped and play dead. $BTC
