Yea, it is true. I quite agree with you. People are not really excited or motivated anymore to participate in Bitcoin investment due to the negative trend in the greater part of the year.
Only those that do not understand bitcoin are unmotivated, everyone else is looking at the current price and are trying to figure out how to invest even more money in the market, those that really get profits in the market take a position early when everyone is selling, only those that are only looking for short term profits let themselves be influenced by the FOMO and invest late in the market.