#密码资产动态追踪 Since 2025, a set of data has raised concerns: the viewership of crypto content on YouTube has hit a new low since January 2021. The trend over the past 30 days is even less optimistic, with a noticeable decline in viewership across major platforms after October.

The logic behind this is actually not hard to understand. The structure of market participants is undergoing profound changes — institutional investors are gaining more influence, while retail enthusiasm is waning. Some people are truly tired of scams and have simply chosen to exit.

Looking at the performance of different cryptocurrencies, $BTC, $ETH, and $BNB have recently appeared somewhat powerless. Interestingly, during the same period, precious metals experienced a strong rally, forming a stark contrast. However, from the perspective of social sentiment, Santiment’s data presents a more complex picture: $BTC ’s sentiment is indeed warming up, but $ETH still appears somewhat unstable. The overall market sentiment is polarized, with significant differences in expectations among various assets.