The numbers tell a striking story. Major crypto data platforms have seen visitor engagement plummet year-over-year. CoinMarketCap dropped from 157 million visits in December 2024 to just 64 million by December 2025. CoinGecko experienced a similar fate, sliding from 43.5 million to 18.5 million across the same period. That's a massive hit to user activity across the board.

Retail investors have clearly stepped back from active crypto participation. The question isn't whether they'll return—they almost certainly will. It's really about timing. Could be a few months. Could stretch into years. The market cycles, sentiment shifts, and new catalysts always eventually draw participants back in. For now though, the engagement metrics are telling us we're in a quieter phase of the retail cycle.