I haven’t seen crypto interest this low and depressing, not even during the bear markets of previous cycles, this proves what retail is actually holding. While everyone expects Ethereum and altcoins to pump, Bitcoin is holding up better because not many retail investors hold enough of it, whereas Ethereum and altcoins are the main assets retail owns.

Looking at these graphs, Bitcoin is somehow back at October ATH-level sentiment while the price is still down about 50%. Even then, it’s still not in euphoria mode like gold, which is at 100 right now, obviously because it’s in a blow-off top due to big demand and very likely to cool off either starting now or later in the year, remaining irrelevant for a while as other sectors begin to perform.
Crypto is like a walking goblin for now, but it still brings opportunities if you look at the bigger picture, yet in the short term we had two days of altcoin season last week, but is not enough to wake things up, baybe 2–3 weeks of steady upward movement will bring everyone back, forcing them to buy higher than the levels where they capitulated, and yes it will eventually happen because it’s crypto and can be very volatile both up and down in short periods of time.