Detail of Google trends for Bitcoin signals reduced the attention of the market | Flash News Detail

On March 1, 2025, the cryptocurrency analyst Miles Deutscher has emphasized a significant decline in Google search trends for Bitcoin ($ BTC) since its climax in November 2024, which indicates a decline in public interest (source: Twitter, @Miles German, March 1, 2025). The Google Trends data showed a peak of 100 out of 100 on November 15, 2024 and fell to a score of 35 (Source: Google Trends, March 1, 2025) until February 28, 2025. This decline in search interest corresponds to a decline in the Bitcoin price by 12% and switched from USD 58,000 on November 15, 2024 to USD 51,000 on February 28, 2025 (source: CoinmarketCap, March 1, 2025). The decline in public interest and the public price can be seen as a warning sign for investors, which indicates a possible shift in the market mood towards Bitcoin.

The effects of the falling Google search trends on the Bitcoin trade environment are significant. On the trading front, the trading pair of Bitcoin/Ethereum ($ BTC/$ ETH) recorded a decline in the trading volume by 7% and fell on November 15, 2024 of an average of 20,000 BTC per day until February 28, 2025 (Source: Cointsecko, March 1, 2025). Similarly, the Bitcoin/USDT ($ BTC/USDT) recorded a decline in the commercial volume by 10% and switched to 31,500 BTC per day per day (source, March 1, 2025). These declines of volume indicate a reduced market activity, which could lead to increased volatility because fewer retailers actively deal with Bitcoin. In addition, the 30-day average of the Bitcoin trade volume from 25,000 BTC on November 15, 2024 went back to 22,000 BTC until February 28, 2025, which indicates a continued decline in market participation (source: Cryptoquant, March 1, 2025). This situation calls for dealers to be careful and adapt their strategies in order to take into account potential increased volatility.

The technical analysis of Bitcoin's price movements shows several key indicators. The relative starch index (RSI) for Bitcoin fell from November 15, 2024 to 45 to February 28, 2025, which indicates a shift from overbought to neutral area (source: tradingView, March 1, 2025). The sliding average convergence divergence (MACD) also showed a Bärische Versgasse on January 10, 2025, whereby the MACD line was exceeded below the signal line, which indicates a possible continuation of the downward trend (source: TradingView, March 1, 2025). On-chain metrics confirm this analysis, with the number of active Bitcoin addresses from 1.2 million on November 15, 2024 to 900,000 to February 28, 2025 (source: Glassnode, March 1, 2025). The decline in active addresses indicates a reduction in network activity, which could be a forerunner for the further decline in price. Dealers should carefully monitor and consider these technical indicators of setting stop-loss orders in order to effectively manage the risk.

In connection with AI developments, the correlation between AI-controlled mood analysis and cryptocurrency markets has become more pronounced. The recent progress in the analysis of AI-controlled mood analyzes, such as: This increase in the negative mood is aimed at the decline in Google search trends and the Bitcoin price, which indicates that an AI-controlled mood analysis can be a valuable instrument to predict market movements. The effects of AI on the trading volume are also remarkable, with AI-controlled trading platforms such as Tradesanta reporting a decline in the Bitcoin trading volume by 5% since November 2024 (source: Tradesanta, March 1, 2025). This acceptance of the AI-controlled commercial volumes reflects the overall market trend and underlines the growing influence of AI on cryptocurrency markets. Dealers should consider involving a AI-controlled mood analysis in their trade strategies in order to gain an advantage on the market.