The clearest signal on Saturday night isn’t whether prices are up or down—it’s that nobody’s searching for Bitcoin anymore 😅
The chart Willy Woo posted on the 15th is still stuck in my mind.
Search interest for Bitcoin and BTCUSD on Google
has already fallen to its lowest level in years.
Meanwhile, prices have held steady.
$BTC is hovering around 81,480, down just 0.7%.
This week’s range was actually just 79,806 to 84,231.
It’s still 35.4% below last October’s high of 126,080.
Liquidations have also cooled off noticeably.
About $315 million across the market over 24 hours,
just a third of the nearly $1 billion liquidated on October 15.
80,568 traders were liquidated, with longs making up 66.3%.
In the past 4 hours, it’s down to just $10.24 million, with shorts accounting for the larger share.
Feels a bit like shorts are getting squeezed back out.
Trading volume is also down 22.4%, to just $25.88 billion.
Open interest is still at $65.57 billion, with a funding rate of 0.0074%.
Leverage hasn’t disappeared; things just aren’t as crazy as they were a couple of days ago.
My own take is:
Retail investors used to enter the market through search.
Now, a lot of exposure flows through ETFs and institutional channels.
They don’t need to search first before buying.
So cold search interest doesn’t necessarily mean cold capital.
But it does at least show that the trend chasers have really left the scene.
Quiet weekends are often the hardest to sit through.
When there’s no volatility, you get itchy fingers.
Would you rather wait for the dip to settle before taking another look,
or does it feel better when nobody’s paying attention?
$BTC $ETH
#比特币 #市场情绪 #On-chain data
Not investment advice. DYOR. Trading involves risk.
The chart Willy Woo posted on the 15th is still stuck in my mind.
Search interest for Bitcoin and BTCUSD on Google
has already fallen to its lowest level in years.
Meanwhile, prices have held steady.
$BTC is hovering around 81,480, down just 0.7%.
This week’s range was actually just 79,806 to 84,231.
It’s still 35.4% below last October’s high of 126,080.
Liquidations have also cooled off noticeably.
About $315 million across the market over 24 hours,
just a third of the nearly $1 billion liquidated on October 15.
80,568 traders were liquidated, with longs making up 66.3%.
In the past 4 hours, it’s down to just $10.24 million, with shorts accounting for the larger share.
Feels a bit like shorts are getting squeezed back out.
Trading volume is also down 22.4%, to just $25.88 billion.
Open interest is still at $65.57 billion, with a funding rate of 0.0074%.
Leverage hasn’t disappeared; things just aren’t as crazy as they were a couple of days ago.
My own take is:
Retail investors used to enter the market through search.
Now, a lot of exposure flows through ETFs and institutional channels.
They don’t need to search first before buying.
So cold search interest doesn’t necessarily mean cold capital.
But it does at least show that the trend chasers have really left the scene.
Quiet weekends are often the hardest to sit through.
When there’s no volatility, you get itchy fingers.
Would you rather wait for the dip to settle before taking another look,
or does it feel better when nobody’s paying attention?
$BTC $ETH
#比特币 #市场情绪 #On-chain data
Not investment advice. DYOR. Trading involves risk.