Retail Interest in Crypto Remains Subdued, But Some Analysts Believe the Market Is Quietly Laying the Groundwork

While retail interest in crypto remains subdued, some analysts believe the market is quietly laying the groundwork for its next breakout.

The crypto market has been relatively quiet lately, with retail interest remaining subdued. However, some analysts believe that this calm facade may be masking the quiet build-up for the market’s next breakout.

As trader and market commentator Miles Deutscher points out, now may be the perfect time to start paying closer attention to altcoins, especially before the crowd returns in droves.

Deutscher observes that Bitcoin (BTC) is finally showing signs of renewed strength after a period of consolidation. Moreover, several altcoins appear to be forming interesting long-term bottoming patterns, a key signal being the emergence of “triple bottom” structures, which are typically associated with bullish trend reversals.

Deutscher notes that meme token Pepe (PEPE) is heating up again, and while it might not be at optimal entry levels yet, any pullback from here could present a better opportunity. As a category mover, Pepe naturally remains on the radar.

Furthermore, TAO, a token linked to the AI theme, has managed to clear a major technical barrier and could be setting itself up for a return to all-time highs. With its sustained market interest and growing thematic relevance, TAO is one of the few assets that seems to be maintaining some momentum despite the broader market lull.

Finally, Deutscher highlights Virtuals, a project that saw a slowdown in user activity earlier in the year, but now appears to be showing signs of an uptick in engagement. This increase in attention could soon translate into stronger price action as the market begins to pay more attention to this specific project.

Deutscher emphasizes that this boredom is precisely what makes the current moment valuable. In the past, major rallies used to begin during the quietest periods of the market, as smart money would deploy capital and prepare for the later stages of the bull market, which would typically coincide with greater retail interest and market hype.

While the broader crypto space doesn't seem to have confirmed a full-scale reversal just yet, Deutscher argues that several altcoins are already building a solid technical foundation — suggesting that the next wave of the market may already be brewing in the background.