I see I am not the only one experiencing this problem with powerbelts. I am sure that had I not had the experience to tell the deer was hit I would've looked on the ground for a bit and thought it was a miss. I have shot probably 4 deer now with Powerbelts that didn't bleed a drop for about 30 yds or so. After that just slight drops and then finally it poors out, but the cavity of the deer is full of blood as well. No pass throughs and found some bullet fragments inside. I shoot 100 grains of T7 with a 245 gr copper series hp.
I think I am going to switch to Barnes or Hornady. Good luck guys!!