$BTC
Yes, ETFs are indeed a very good liquidity exit mechanism
Now basically only market makers and ETFs are constantly trading against each other😓
Retail investors are all betting on contracts, and they can't influence the price at all, and there can be said to be many reasons for price fluctuations😓
Now I also understand why many former experts chose to exit the circle when ETFs appeared, because the cryptocurrency market itself can no longer influence the price.😓