Odaily Planet Daily News Coindesk analyst Aoyon Ashraf stated that Bitcoin has reached a historic high this week, primarily driven by institutions, while retail investors are almost 'absent' from this rally. A quick search using 'Bitcoin' as a keyword on Google Trends shows that the kind of search frenzy seen during the 2021 bull market is now completely absent. Although there was a brief surge in retail enthusiasm during the U.S. presidential election, when a rapid meme coin frenzy briefly ignited market sentiment, that wave of excitement has long since faded. Despite Bitcoin breaking through $111,000 to reach a new all-time high this week, meme coin prices have quickly fallen, and retail enthusiasm has cooled accordingly. Even though Bitcoin has set a new record, traders remain cautious, as indicated by the lower funding rates and increased short positions. Current market sentiment shows a trend towards more sustainable trading behavior, which may pave the way for long-term gains. (CoinDesk)

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