This is data according to the traffic on crypto exchange binance and bittrex. As you can see clearly binance traffic not much lower since January 2018 and bittrex traffic down little bit because of no new user registration policy and lot of shitcoins listing.
So the psychology is users interest still not much down in cryptocurrency world and whales also here. They are just playing with big green and big red candles and liquidating both long and shorts contracts and increasing their stock in btc and this type of manipulation you are facing every day which should be a reason of ETF rejection on next sheduled date. Newbies getting loss by selling on low levels but keep in mind that market sentiment is transfer money impatient to patience holder. So accumulate alts in more dip in current situation most of alts divided by 10 but when bull season will come these alts which have strong project and strong community will give you 10x returns from these low levels. Do average to buy alts in every dip and wait for Eth breakout to get in full.