I agree that it’s not a sharp decline but zooming out, what I see is absolutely no organic growth at all in the past couple of years. All the increases have been sharp spikes that immediately fall off dramatically, followed by longer, slower periods of decline. It looks like nobody is switching to Bluesky except in a handful of viral events, during which a tonne of people try it out but don’t keep using it. There’s only one upward slope on these graphs, and that stopped in late 2023 – about the time Threads went fully global. These look like very unhealthy stats.