$BTC Where is retail in 2025?”

Retail did not disappear, but it changed behavior.

In 2017 & 2021:

Retail chased everything

Altcoins, memes, NFTs, metaverse, launchpads

People believed “this time is different”

In 2025:

Retail is burned, cautious, and selective

Most people:

Only buy Bitcoin

Or stick to ETH + top majors

Or stay completely out

So when you look at altcoins sitting near ATL, that does not mean adoption failed.

It means:

Retail learned (painfully) that most altcoins are wealth extractors.

That is a maturity sign, not stagnation.