比特币的谷歌搜索热度降至低于熊市水平——分析师认为，以下因素是导致这种冷淡的原因

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Key points:
Analyst Shah said worldwide Google search interest for Bitcoin has fallen below levels seen during the previous crypto bear market.
Google Trends data shared by the analyst showed Bitcoin search activity dropping beneath the red baseline that marked prior bear-cycle lows over the past five years.
Macro economist Micro2Macr0 said persistent whale selling, miner liquidations, and large trading firms’ short-selling activity have helped suppress Bitcoin’s upside momentum.
Worldwide Google (GOOG/GOOGL) search interest for Bitcoin (BTC) fell below levels seen during the last crypto bear market on Saturday, as traders debated why the cryptocurrency’s price action has remained relatively muted despite continued institutional accumulation.

“Bitcoin interest is now below bear market levels,” Shah wrote alongside Google Trends data tracking worldwide Bitcoin web searches over the past five years that showed search activity falling beneath the red baseline that marked previous bear-cycle lows. “Nobody cares about crypto right now,” the analyst added.

The slowdown in retail attention came as Bitcoin’s price traded at $77,963 despite continued spot exchange-traded fund (ETF) inflows and institutional accumulation, and Bitcoin’s fixed 21 million supply dynamics. On Stocktwits, retail sentiment around BTC moved to 'neutral' from the 'bullish' zone, while chatter stayed at 'normal' levels over the past day.

Whale Selling And Miner Supply Pressure

Macro economist Micro2Macr0 argued that persistent selling pressure from large holders with $100 million to $1 billion in holdings has helped cap Bitcoin’s upside momentum.

The analyst also claimed trading firms like Jane Street profited from large Bitcoin trading and short-selling strategies, although he added that those firms are now “running low on Bitcoin,” potentially limiting their ability to continue pressuring the market.

According to the analyst, Bitcoin miners have also increasingly sold newly mined supply to institutional buyers, including Strategy (MSTR) Executive Chairman Michael Saylor, as some mining firms redirect capital toward expanding artificial intelligence (AI) infrastructure. These comments came quickly after Saylor hinted at another potential Bitcoin purchase.

Retail Users Split

The macro economist also argued that retail capital has increasingly rotated toward AI-linked equities, many of which are in “moon territory” with increased valuations. He also added that memory-chip stocks remained among the few areas still attracting strong speculative retail interest, while crypto markets have largely lost the retail momentum that fueled previous Bitcoin bull cycles.

On Stocktwits, retail traders held sharply divided views on the BTC’s future market trend.

https://www.stocktwits.com/prka/message/653630750

One user said they were bullish, expecting the U.S. Federal Reserve to release liquidity to shore up the market.

https://www.stocktwits.com/Producerion/message/653630801

Another user took a neutral stance, judging that the current market juncture falls within a period of price volatility.
source: https://www.tradingview.com/news/stocktwits:c6434ac54094b:0/