Bitcoin interest hits 5-year high in the United States defying bear market price decline

Bitcoin search interest in the United States is rising sharply, approaching 2021 levels, even as the price has fallen to the mid-$60,000s from its October 2025 peak of over $126,000. This divergence between rising public attention and falling price is unusual. Search data is viewed as a receipt for attention, which can signal either fresh demand or stress-testing by existing holders. The current price decline occurred in a risk-off macro environment, complicated by tariff uncertainty. Academic work suggests increased attention can lead to jumpier market behavior. The article outlines three scenarios for this attention surge: it could convert into steady buying, signal continued stress testing with elevated volatility, or reflect a regionalized, US-driven tape sensitive to macro factors. Regardless of the scenario, the key unknown is whether this renewed participation translates into buying power or simply increases market volatility.

(Source：CryptoSlate)