Google trends data often shows the behavior and interests of retail investors. This is because they often inquire about investing when assets are on the rise. The price is higher (usually that means the price goes up) and more and more people are looking for it – an example that is evident during the late 2020 and 2021 bulls.
But when the asset starts to fluctuate The trend will change. This has happened in recent months as BTC has already lost 50% of its value and is hovering around $20,000.
Global searches for “bitcoin” have dropped to their lowest level since December 2020, ahead of the bull market. At the same time, the search term “buy bitcoin” dropped to the level last seen two years ago.
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