Despite Bitcoin achieving multiple all-time highs in 2025, search interest for the cryptocurrency on Google has remained notably low, coinciding with a shift in market sentiment towards fear. The apparent demand for Bitcoin has decreased, reflecting a bearish trend among retail investors, as highlighted by data from CryptoQuant.

Key Insights:

• Retail interest in Bitcoin has waned despite record highs.
• A significant decline in spot demand indicates bearish market conditions.
• Overall crypto market sentiment mirrors bear market levels, suggesting reduced investor activity.

Retail investors generally flock to Bitcoin during periods of euphoria, yet current interest is low following Bitcoin’s record highs.

Have Retail Investors Lost Interest in Bitcoin?
Spot demand metrics show a troubling contraction, signaling a decline in retail engagement with Bitcoin.

According to CryptoQuant, recent data illustrates the sharpest decline in demand since April, suggesting a shift towards bearish sentiment.

Additionally, Google Trends indicate that global search interest in “Bitcoin” dropped significantly, aligning with a recent market downturn.

Trader Mister Crypto has noted this decline in interest on social media, questioning whether retail investors have indeed given up on Bitcoin.

The Coinbase app’s position in the US App Store has also declined sharply, highlighting reduced activity in crypto trading platforms.

Crypto Sentiment Hits Six-Month Low
Market sentiment has fallen to its lowest since April, following a significant sell-off in the market that resulted in substantial liquidations.

The Crypto Fear & Greed Index dropped to a Fear level of 24, a stark contrast to last week’s Greed reading of 71, reflecting a more cautious investor base.

CryptoQuant analyst Axel Adler Jr. emphasized that current sentiment is grim, resembling conditions during previous market downturns.

While there are signs of bearish sentiment, alternative indicators such as the Coinbase Premium Index remain positive, indicating potential market resilience despite the current trends.