#AirdropFinderGuide Why is the number of Bitcoin searches on Google Trends declining?
In short
The volume of Bitcoin searches on Google Trends remains low despite the price of Bitcoin rising above $94,000.
The CEO of Bitwise emphasizes that it is institutional investors, not retail FOMO, driving the current Bitcoin movement.
Changes in information-seeking behaviors and the maturity of the Bitcoin market contribute to the decline in search volumes on Google.
The volume of Bitcoin searches on Google Trends has often served as an indicator of investor interest. Historically, an increase in searches for the term "Bitcoin" has usually coincided with price increases of BTC and vice versa.
However, Bitwise CEO Hunter Horsley recently pointed out a significant phenomenon. The search volume for the keyword "Bitcoin" on Google has remained low for an extended period. Nevertheless, the price of Bitcoin still hovers around $94,000.
Decline in Bitcoin searches: A signal of changing market dynamics
Data from Google Trends shows that the volume of Bitcoin searches has significantly decreased compared to previous peak periods. Over the past year, public interest has dropped from nearly 75 points to around 25 points, with no clear signals.$BTC