Bitcoin Google Search Volume Drops to Low Point: Does This Signal an Imminent Price Crash?
Trending Articles- Markets in 2026: Will gold, Bitcoin, and the U.S. dollar make history again? — These are how leading institutions think
- Trump says Venezuela's Maduro deposed, captured after US strikes
- Bitcoin Price Surges To $90,000. U.S. Arrests Venezuela's President, Triggers Bull Frenzy
- U.S. to freeze and take control of Venezuela's Bitcoin holdings after Maduro capture
- Ethereum Price Forecast: Accumulation addresses post record inflows in December despite high selling pressure
- Gold Price Forecast: XAU/USD climbs to near $4,350 on Fed rate cut bets, geopolitical risks
A drop in Bitcoin's Google search volume doesn't directly indicate a price decline. However, it does show bearish signals.
Recently, Bitcoin (BTC) reached $95,000. Yet, Google searches didn't rise. Instead, they fell below 30, a long-term low. Does this unusual trend mean a price drop is imminent?
Bitcoin search volume on Google. Source: Google Trends.
Hunter Horsley, CEO of Bitwise, links this anomaly to buyer dynamics. He notes, "The price rise isn't driven by retail investors. Institutional buyers, advisors, corporations, and countries are entering the market."
While Google search volume reflects market interest, it doesn't directly show bullish or bearish forces. However, the average Bitcoin futures funding rate does. According to Glassnode, this rate dropped to about -0.023%. This indicates a dominant short position, with contract prices below spot prices. It signals a weakening demand for bulls.
Additionally, Bitcoin's price chart shows strong bearish signals. Since April 25, Bitcoin surged past $95,000 but couldn't hold that level. Prices continued to decline, hitting new lows. This indicates persistent bearish momentum, while bulls struggle to keep up.
Bitcoin price trend chart. Source: TradingView.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
