Yeah, this is spot-on based on my experience.
I got into Twitch in the early days and have been a watcher and lurker for most of the past 10 years. The periods where I've been most content and fulfilled in life have easily correlated with spending less time on Twitch because those needs were being met in a healthier way.
On one hand I'm thankful to have discovered it because the faux-social fulfillment it provided when I've dealt with depression. It wasn't ideal but it was a good option in times where I didn't have energy to commit to real life relationships. OTOH, I wonder if ignoring Twitch altogether would have pushed me to get out and do the things that would have helped me climb out of the hole sooner.