Most of the people still remaining in the crypto world are probably those who have made money in this circle before but have lost it all now.

And then there are some newcomers attracted by the myth of getting rich quickly who want to come in and make a fortune.
The proportion of users who have previously made money but are now zeroed out and in debt might be higher.
Because newcomers might leave after losing once or twice.
But users who have made money before will live long-term in the memory of "having made money before."
And this kind of memory can easily cause people to become unbalanced.
This is also the reason why they are heavily in debt from losses but still unwilling to leave.