Did Bitcoin Top Yet? Declining Interest Signals Crypto Euphoria May Be Delayed
The firm notes that the anticipated excitement for this market cycle has not materialized yet. A significant observation is the continuous decrease in Google search interest for cryptocurrencies. Compared to previous market peaks, search trends for cryptocurrencies are significantly lower, indicating a decline in public curiosity. Wikipedia searches related to cryptocurrencies also show a similar trend, with searches not reaching previous cycle highs and starting to decrease in recent months. The lack of public interest in cryptocurrencies could be due to various factors such as global macroeconomic conditions, market sentiment, or the delayed arrival of the expected euphoria.
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