Where did everyone go?

They didn’t “leave crypto.”

They stopped paying tuition.

When tokens grind lower, volume evaporates, and the timeline gets quiet, it feels dead because the only people who remain are the ones with a time horizon.

That’s what a real washout looks like:

- Engagement down
- Bots up
- Retail cooked
- Everyone calling effort a “scam” because they’re coping

And here’s the part most people miss:

Quiet markets aren’t a void.
They’re a selection mechanism.

When the crowd disappears, you get space:

- space to learn without noise
- space to build without performative attention
- space to network with people who are still here for the craft
- space to position while nobody’s watching

Most people treat crypto like a concert:
They arrive for the headline act, leave before the encore, then complain they missed the best part.

The money gets made in the boring part of the cycle:

1. when attention is low
2. when timelines are thin
3. when the narrative feels “over”
4. when the only validation is internal

This is where edges are built.
This is where conviction gets forged.

This is where real relationships get formed.

This is where the next winners quietly accumulate skill, not just tokens.

If you’re still here, you’re already ahead.

What are you building while everyone else is sleeping?

Follow @degensing for more.