Global search interest for the term “crypto” has fallen close to its lowest level of the past year, highlighting deteriorating investor sentiment amid a sharp market downturn.
Crypto Search Trends Reflect Market Capitulation
Recent Google Trends data shows worldwide search volume for “crypto” hovering around 30 out of 100, with 100 representing peak interest over the past 12 months. The lowest reading during that period stands at 24. Search activity last peaked in August 2025, coinciding with the crypto market’s record capitalization above $4.2 trillion. Since then, total market value has dropped to roughly $2.4 trillion, reinforcing the decline in retail attention.
In the United States, search behavior broadly mirrors the global trend. Interest fell below 37 in January before rebounding to the mid-50s in early February. The annual US low of 32 was recorded during the April 2025 sell-off triggered by macroeconomic uncertainty and trade policy concerns.
Trading Activity and Sentiment Indicators Turn Bearish
Market participation has also slowed significantly. Total crypto trading volume has declined from over $153 billion in mid-January to about $87.5 billion, signaling reduced speculative activity.
Sentiment indicators align with the drop in search interest. The Crypto Fear & Greed Index recently fell to single-digit levels, marking extreme fear and matching conditions last seen during the 2022 Terra ecosystem collapse. Analysts note that historically, such depressed sentiment often precedes heightened volatility as investors look for signs of a market bottom.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.