You should have explained what these observations are so that we can discuss them not your conclusion.

After being in this community for 11 years I can say not much has changed considering what you call "attraction". I still see the same 3 categories of people:
(1) those who see bitcoin as the decentralized money to be used to achieve financial sovereignty
(2) people who see the potential for long term profit and continue accumulate more bitcoin every chance they get
(3) people who think bitcoin is a magical get-rich-quick thing and end up losing a lot of money

Now one reason why you might be thinking that "attraction" is gone, could be that price is not rising as fast as you like it to rise. That's a normal thing in bitcoin as well. Most of the times in the past 11 years I've seen the same market situation where price doesn't rise as fast, and people think it is over. But bitcoin is not supposed to rise fast every day. It can't. But it is rising and the adoption is growing.