Bitcoin retail interest ‘almost nowhere to be found’ as BTC taps highs
2025-07-13 03:53:42
Main Idea
Bitcoin's recent price surge is primarily driven by institutional demand, as evidenced by significant inflows into spot Bitcoin ETFs, while retail interest remains subdued.
Key Points
1. Spot Bitcoin ETFs saw daily inflows exceeding $1 billion on Thursday and Friday, marking the first consecutive days of such high inflows.
2. Bitwise head of research André Dragosch noted that the latest Bitcoin price increase is mostly driven by institutional investors.
3. Google Trends data shows global search interest for 'Bitcoin' is down 60% since November 2024, indicating low retail interest.
4. Commentators suggest retail investors may believe they 'missed the boat' due to Bitcoin's high price, deterring further interest.
5. Bitcoin onchain analyst Willy Woo believes Bitcoin's uptrend is far from over, stating 'This run has plenty of legs left in it.'
Description
Bitcoin’s surge to all-time highs has barely moved the needle in Google search interest compared to the spike seen after Donald Trump won the US presidential election in November.
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