“This is the most silent and uninterested crypto Twitter (NYSE:) has felt since 2018”, popular crypto voice ‘Altcoin Psycho’ complained to his 420.1K follower audience yesterday.

This is the most silent & uninterested crypto twitter has felt since 2018

— Altcoin Psycho (@AltcoinPsycho) March 15, 2022

It isn’t just him who noticed the unusually calm cryptocurrency market lately.

Numerous smaller crypto accounts on Twitter echoed this sentiment, describing it as a “ghost town”.

Agree its a ghost town inhere.. wow https://t.co/q9bfEBYFEC

— tehMoonwalkeR (@tehMoonwalkeR) March 15, 2022

“I’m following 1300+ Twitter profiles. It’s like day and night when you compare activity last year and this year. So strange why everyone got silent”, expressed AmberPrekyba.

Following 1300+ Twitter profiles from CT. It’s almost like night and day when you compare the activity of last year with this year. So strange, why did everyone become silent?

— Amber Prekyba (@AmberPrekyba) March 15, 2022

“My opinion is generally in the affirmative. It’s a Twitter bear market”, added Ayor Trade.

I tend to agree. It’s a @Twitter bear market#BTC #Bitcoin #crypto #ETH https://t.co/rECUQumqPJ

— Ayor Trade (@CryptoAyor) March 15, 2022

Was it a mistake?

If you take a closer look at the world, you will see that excitement is not limited to digital currencies markets.

The world’s economies are still coping with the side effects of the global pandemic; Europe is facing the biggest full-scale war since WWII; oil and gas prices have surged to historic levels; and a few weeks after Russia sent troops into Ukraine, it was punished with unprecedented economic sanctions.

Inflation rates reached their highest levels in 40 years, prompting warnings of weaker economic growth and possible recession.

Over the past several months, cryptocurrency markets have seen a bear market amid all this macroeconomic and geopolitical chaos.

The world is witnessing a lot of exciting events right now. “So much that I’ve moved back to being a keyboard warrior and temporary geopolitical expert”, remarked some crypto users ironically.

It was so much that I have returned to my role as a temporary geopolitical specialist and keyboard warrior.

— nikstein.ust (@nikstein_) March 15, 2022

The crypto market has certainly slowed down, jokes apart. Many crypto bulls are now quiet. Short-term cryptocurrency investors are choosing less risky options, and even becoming long-term investors.

The amount of Bitcoins held in wallets with little to no history of spending has become 3.2 times higher than Bitcoin’s supply on exchanges, according to blockchain analytics firm Glassnode.

This week, the #Bitcoin Illiquid supply shock ratio, which was first calculated by @WClementeIII has ticked much higher pic.twitter.com/N0xejizRDE. It is now 3.2x larger than Liquid and Highly Liquid supply combined pic.twitter.com/N0xejizRDE

— glassnode (@glassnode) March 13, 2022

Logically speaking, short-term trading interest has decreased simultaneously. Coinbase, the largest U.S-based cryptocurrency exchange (NASDAQ:), saw 25% less trading volume in February. Trading volumes have fallen to their lowest level since July 2021, despite all the excitement surrounding NFTs.

The Fear and Greed Index is still in “Extreme Fear” territory with Bitcoin plunging below the $40K mark.

Even Google (NASDAQ:) Trends data has revealed that searches for “Bitcoin” and “crypto” have been in consistent decline all over the world. According to Google Trends, the average search volume for “Bitcoin” was 100 in January ’22, but as of today people only had an average of 35 searches for the dominant coin.

Maybe it really is the “time to fight bigger demons right now”, as crypto community members have been saying. “If this is settled we can return daily crypto fun.”

It might be time to face bigger demons now. Once this issue is solved, daily crypto entertainment can be resumed.

— $abrina (@cryptowolfie201) March 15, 2022

We could at least look at this situation differently and see the positives.

As some cryptonauts like to say, “the world is f****d up, but at least crypto bros have been quiet for a couple weeks.”

The world may be fucked, but crypto bros were quiet for the last couple of weeks.

— The Dopamine Enjoyer (@dopaminenjoyer) March 14, 2022

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