Fundamentally, it's an annoying topic because it's currently unprovable. If there were really aliens here for as long as consistent phenomena have been observed (at least since the 1940's, but possibly for most of human history), then the ball would be in their court. It doesn't take a lot of creativity to assume that such an advanced civilization would have the capability to keep a low profile if desired, even if they had a significant amount of activity on our planet. And if the types of organizations (militaries of rival superpowers) that could collect interesting data did so, could they and would they really disperse it on a wide scale against the wishes of "the phenomenon?"
The interesting ones are the close encounters. Someone in this thread might scoff at testimony describing unmistakably unidentifiable phenomena that lacks compelling video evidence, while simultaneously reposting "I believe victims" on Twitter. Pick one. Do you think credible witness testimony is admissible, or do you not? Millenia of justice systems are built on this concept. Even "hard evidence" all comes down to trusting the people in the chain of custody, since things can be doctored so easily nowadays. Want to claim crazy or spontaneous mass hallucination? Prove it. Show the mechanism in the brain. Reproduce in a lab. Put a name to the disease. The burden of proof is on you to describe why our justice systems are built on a complete farce.
I personally have sane family members, who, in a group, circa 1970, had a close encounter in broad daylight so unmistakable there is no way it could have been anything but an intelligently controlled flying object with incomprehensible capabilities. And shamefully, being a rational and proud engineer, I did not believe them until the last few years when really interesting data started coming out on the phenomenon and I did a deep dive.
Do I know what these objects are? No. But I'm pretty confident the guys I knew who went on to work in defense couldn't come up with objects being described given 100 years, let alone with the technology available decades ago. Most of the DoD is running on 10-25 year old Windows machines.