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Joao Wedson stated that interest in the crypto market is currently at one of its lowest levels in the past five years.
He added that the accompanying chart helps explain why people often enter the market late during periods of euphoria and exit late as well. Wedson described the data as clear, expressing his view that it is among the best ways to understand this behavior.
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Wedson previously stated that altcoin season is not expected until 2027, citing factors behind the delayed outlook. He also reported that Solana and Hyperliquid prices declined sharply since October 6. These earlier observations add context to his view of persistently low market interest.