Bloomberg ETF analyst says degenerate traders are buying low and selling high through TQQQ

Bloomberg ETF analyst Eric Balchunas posted on platform X, stating that degenerate traders are using TQQQ as an ATM, consistently buying low to generate inflows and selling high to generate outflows, breaking the "dumb money" label. If TQQQ were a casino, they might be banned for winning too much. The same situation exists with SOXL and other similar products, which helps explain why these products are popular.