Retail Interest in BTC Drops — Have Investors Moved On?

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Bitcoin’s spot demand has been contracting over the past week, signaling a waning of retail interest, according to data from CryptoQuant.

The chart below reveals that spot demand, measured by the Apparent Demand metric, has been declining at a 30-day rate of 111,000 BTC.

Google global search interest for the term “Bitcoin” dropped to 19 last week, coinciding with Bitcoin’s flash crash on Friday, according to Google Trends. 

“Bitcoin search interest on Google is at bear market levels,” said trader Mister Crypto in an X post on Wednesday.


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