ETFs and Halving are only a small part of the events we face in bitcoin so there is no need to feel that bitcoin is failing and like a broken record just bcause your expectations do not match the expectations that occur.
We are not making a trade that only thinks bitcoin will be able to accelerate in a short time because what we are aiming for is a longterm investment that really wants a situation where we have financial freedom in the future with bitcoin . Its just that most people especially for beginners, are too referring to ETFs and halvings that have occurred and expect bitcoin to jump and get instant profits but they dont realize that investing in bitcoin is not like that in terms of concepts.
Those who believe that the current state of bitcoin is the only reason it is failing are presumably impatient investors or those who bought because they were afraid of missing the approaching bull run and tried to take advantage by investing immediately after the halving. They are upset that things didn't turn out as planned and that they were blind to the decline. Competent investors will not panic and begin to believe that bitcoin is failing, but rather will see this as a chance to keep buying the dip.
But unconsciously with the words you said actually it does not refer to investors but to those who are in bitcoin as traders and no matter how hard they think they are investors for bitcoin I think it is a wrong situation in perception because for those who are really investors they will not panic too much when there is an increase and decrease while regardless of bitcoin etf or halving they will remain calm because their goal is not short-term but long-term so when saying they are investors but still blame and consider it a mistake when bitcoin does not experience a significant increase I think in this case they need to examine further whether their intention is to invest or indeed want to trade.
In addition, I disagree with you when you say bitcoin is failing because however we must be aware that when bitcoin is experiencing a temporary decline it cannot be categorized as a failure because it is the nature of bitcoin which is indeed volatile so do not merely bitcoin is experiencing a correction they are said to fail because it is a silly thought because bitcoin to date has never been a failure at least for me.