Shocking NIA Chart of Bitcoin

Although Bitcoin is still up by 2.76% from one year ago, Bitcoin transactions have declined by 35.94% from one year ago. Very interestingly, Grayscale Bitcoin Trust (GBTC) has now declined by 31.65% from one year ago. What if GBTC is actually a more accurate indicator of Bitcoin's real value because GBTC trades in USD and most Bitcoin trades in fake Tether (USDT) tokens backed mostly by worthless commercial paper IOUs from companies like FTX/Alameda Research?