Editor's PiCK
Bitcoin, Lowered Individual Interest…Sharp Decrease in Search Volume and Volatility
Summary
- CoinDesk reported that Bitcoin's search volume and volatility are decreasing, resulting in declining interest from individual investors.
- Bitcoin's Google search ranking has dropped below 25th, and the volatility index (DVOL) has hit 40, its lowest in two years.
- Currently, Bitcoin is trading at $105,000 on the Binance USDT market, down 0.27% compared to 24 hours ago.
It has been analyzed that individual investors' interest in Bitcoin (BTC) is decreasing as its search volume and volatility decline.
On the 4th (local time), CoinDesk stated, "Over the past month, as Bitcoin has moved sideways between $102,000 and $110,000, individual investor interest has fallen," and added, "Bitcoin's Google search ranking has dropped below 25th." CoinDesk contrasted this with "the rally in November last year, when the search ranking increased," and further commented, "This indicates that individual investors' attention and speculative enthusiasm have significantly declined."
Additionally, it reported that volatility levels are now very low. The media outlet explained, "Individual investor apathy has also contributed to the low volatility," and noted, "The Bitcoin volatility index (DVOL) hit 40, the lowest point in two years."
As of 9:01 PM, based on the Binance USDT market, Bitcoin is trading at $105,000, down 0.27% compared to 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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