While the stagnation in Bitcoin (BTC) and crypto money prices continued, it was seen that investor interest decreased to the levels of 2020.
According to the data of the search engine Google “crypto” search frequency 2021 of the year May from its peak in 83% showing a decline 2020 declined to year-on-year levels. The word in question is May. 2021 of the summit As a reference of 100 points frequency of use in the current situation 17 points was defined as.
Search frequency for crypto-focused Google words May from 2021 since in a downtrend nevertheless it is FTX And Terra collapse Cryptocurrency market such as scope of also exceeding to big events in response short-term was found to be on the rise.
Bitcoin (BTC) And Ethereum (ETH) search frequency of words “crypto” with similar fate appeared to be alive. Bitcoin from all-time high 83% drop by showing to 17 points while in regression 90% of Ethereum regressing at present 10 points level has been demonstrated.
Coin Bureau Cryptocurrency analyst known as “crypto” search frequency in stock market volumes in decline simultaneous that it happened noting this situation investor indifference. He suggested that he could point out and made the following statements: used:
“Crypto” search trends are at their lowest point since December 2020. This also coincides with the lowest stock market volumes in 32 months last month.
Türkiye is also following a course in line with global trends.
When the data were analyzed in Turkey, similar results were observed with the global picture. Bitcoin, Ethereum and the frequency of searches for words such as crypto 2020 to their level fell recent calls while being observed busy as the country from the eastern provinces found to be coming.
Fear and greed index has long been neutral
on the other hand January until the middle of the month three quarters along in negative territory located in fear And greed index since the beginning of May in the neutral zone It caught his attention.
Fireplace frequently from the end of the month 0-100 on the point scale your 55 points positive in the market expectation indicating that neutral of index in the region long-term your course a decrease in interest about another indicator alleged to be.
Is the bear market continuing?
An overview of the cryptocurrencies that experienced a rise at the beginning of the year. low interest, some analysts by bear market interpreted as a sign that it is continuing.
on the other hand “decentralized exchange” or “memecoin” more industry-oriented specific in the frequency of use increase, the dominance of investors in the sector increased and common words they stopped using interpreted towards. In this context, the current situation from a bear market many sectors new investors while waiting passed by One consolidation It has been suggested that it is in phase.