Even though BTC is still holding above 60k, even though some large-cap altcoins are starting to bottom out and rebound, even though even Futu NiuNiu has started listing BNB to jump into the crypto market, and even though small-cap coins are still taking turns in the spotlight. You can see that the discussion activity in crypto groups is continuing to drop. Many groups barely have two messages in an entire day, even quieter than when the market was crashing and funds were being drained by AI. Some overhyped public chains quietly shut down after a year of going live, some DeFi projects got hacked and drained, and it didn’t even cause a ripple—nobody seems to care. This is exactly what a deep bear market feels like. It’s actually a good thing. The market often finds its bottom and starts to reverse when most people are numb, exhausted, or even starting to give up.