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Bitcoin Google search volume declines but still bullish? BTC price data reveals potential vulnerabilities.
Recently, while the search volume for Bitcoin (BTC) on Google continues to decline, the price has steadily risen to a new high in recent months. This phenomenon has sparked heated discussions in the market: does the weakening search interest mean that investment enthusiasm is waning? Or has Bitcoin entered the stage of public awareness? At the same time, actual price data and whale behavior also bring more variables to the future trends of the market.
Bitcoin Search Volume Decline: High Popularity, Investors' Focus Shifts
According to Google Trends data, the global search volume for Bitcoin is showing a downward trend. Renowned analyst Willy Woo pointed out that this is not due to a loss of interest in the market, but rather that Bitcoin has become a household name asset, and investors are quite familiar with its operational mechanisms. Now, more people are focusing on the BTC/USD price trends rather than searching for basic knowledge.
The community reaction is polarized, with some believing that funds are flowing into altcoins, while others compare the search popularity of Bitcoin with gold, discussing the long-term positions of both in the hedging market.
Actual price data: Old Whale on the sidelines, new Whale facing pressure
Despite Bitcoin currently stabilizing around $115,000, actual price data is releasing potential warning signs. CryptoQuant analysts have found that "old whales" holding for over a year have paused their profit-taking, with an average cost of only $39,400, indicating that they are waiting for higher prices to re-enter the market. New whales (large holders who entered the market in the past year) have an average cost of about $105,300, which has become their psychological breakeven point.
As long as the BTC price stays above 105,000 USD, new whales are unlikely to sell off on a large scale; once it drops below, it may trigger hedging selling pressure and a wave of leveraged liquidations.
Key Price Levels and Market Risks: Intense Volatility May Be Brewing
Currently, whether it is old whales or new whales, market activity is relatively sluggish, and BTC is in a balanced state on a "tightrope." Analysts believe that if the price breaks through the historical high of 130,000 USD, old whales will return to the market, driving a new round of increases; conversely, if it falls below 105,000 USD, it may trigger panic selling and a sharp decline.
Conclusion
The decline in Bitcoin search volume does not mean that the market is losing momentum; rather, it reflects an increase in asset popularity and a change in investor behavior. However, actual price data and whale behavior warn that the current BTC market conditions carry volatility risks. Investors should closely monitor changes in key price levels to seize opportunities for bullish and bearish reversals.