Crypto YouTube viewership just dropped to 5 year lows after three straight months of decline.

That’s not noise. That’s a signal.

Retail interest has quietly left the room. No hype, no urgency, no dopamine. And historically, that’s exactly how bear market conditions express themselves, not through panic, but through apathy.

People don’t leave because price is low. They leave because nothing is happening.

This is usually the phase where attention disappears, creators pivot, and only the people with real conviction remain. The crowd checks out right before conditions start changing.

Low engagement doesn’t mean the market is dead. It means it’s boring. And boring markets are where positioning happens, not chasing.

Retail will come back later. They always do.

Just never at the lows.