Will Bitcoin Struggle to Reach New All-Time Highs? Cooling Search Trends and Near-Record Low Volatility Spark Debate

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Bitcoin's Google Search Popularity Hits 8-Month Low

Recent Google Trends data reveals a significant decline in public interest around Bitcoin. The cryptocurrency now ranks 25th on Google's search popularity scale with an index score of 30—the lowest level since October last year.

As reported by CoinDesk, this trend indicates weakening retail investor enthusiasm, market excitement, and speculative appetite. The cooling interest coincides with Bitcoin's price consolidation after its May all-time high of $111,963**, currently trading at **$104,785 (as of this analysis).

Volatility Metrics Signal Market Stagnation

Bitcoin's volatility metrics further underscore the subdued market sentiment:

Deribit's metrics suggest prolonged market inactivity, with analysts noting this could precede significant price movements.


Sygnum Bank: Macroeconomic Turbulence May Reignite Bitcoin Demand

Despite the current lull, Sygnum Bank's latest market report outlines bullish catalysts for Bitcoin:

"Bitcoin's role as a hedge asset gains strength amid US Treasury market instability and dollar weakness. With circulating supply down 30% over 18 months, conditions ripe for upward price volatility may emerge."

Key drivers identified:

  1. Supply Crunch: ETF inflows and government BTC reserve adoption creating demand shocks
  2. Macro Hedge: Weak dollar and Treasury market volatility enhancing BTC's safe-haven appeal
  3. Geopolitical Adoption: Three US states passing BTC reserve laws; Pakistan/UK exploring official holdings

👉 Why institutional Bitcoin adoption could accelerate in 2025


FAQ: Understanding Bitcoin's Current Market Phase

Q: Does low search interest mean Bitcoin's bull run is over?
A: Not necessarily. Historical data shows periods of low attention often precede major moves as markets consolidate.

Q: What does "implied volatility percentile of 0.3" indicate?
A: It means Bitcoin options traders expect less price fluctuation than 99.7% of the past year—often a precursor to volatility spikes.

Q: How might US debt issues affect Bitcoin?
A: Treasury market instability could drive investors toward alternative stores of value, with BTC increasingly viewed as "digital gold."

Q: Are institutions still accumulating Bitcoin?
A: Yes. Corporate balance sheet strategies (like MicroStrategy's recent $250M preferred stock offering) and ETF flows suggest ongoing institutional interest.


Market Outlook: Patience Before Potential Breakout

While current metrics suggest stagnation, Bitcoin's fundamental drivers remain robust. The convergence of:

👉 Explore real-time Bitcoin volatility metrics

Position BTC for what Sygnum calls a "liquidity crunch scenario"—where constrained supply meets accelerating demand. As always in crypto markets, periods of low volatility often give way to dramatic moves. Traders should watch for catalyst events that could reignite market momentum.


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