The cryptocurrency market is not moving much, and one of the main reasons is that people have lost interest in it.
Many are frustrated, some have already liquidated, while others are still trapped in losses. Those in losses are just waiting for the market to reach its break-even point so they can exit and leave cryptocurrencies for good.
Personally, I know many people who have already given up or are planning to do so. Even today, I met a cryptocurrency trader who does not know that I am still active in cryptocurrencies; he only knows that I used to be.
He told me:
This market is useless. I'm just waiting for my losses to recover, and then I'll be done with it.
That is the kind of sentiment that people have about cryptocurrencies at this moment.