Google Searches for Bitcoin Hit Rock Bottom—But Liquidity Soars to 3-Year Highs. Is Q3 the Bull Run Ignition?
Bitcoin's playing a sneaky game of hide-and-seek with retail investors. Google interest just cratered to cycle lows—yet liquidity is pumping like it's 2021 all over again. What gives?
The Liquidity Paradox
Market depth hasn't looked this juicy since the last Fed pivot party. Three-year highs in liquidity typically scream 'institutional accumulation'—while normies are too busy chasing AI meme stocks to notice.
Q3 Powder Keg
All the ingredients for a volatility explosion are here: suppressed retail FOMO, wall-of-money institutional bids, and that classic crypto amnesia about how fast narratives flip. (Remember when 'crypto is dead' lasted exactly 47 days last bear market?)
The cynical take? Wall Street's engineering the perfect 'sell the news' trap for ETF inflows. The bullish case? We're one BlackRock tweet away from shorts getting vaporized. Place your bets.
Bitcoin Faces Global Indifference
Despite Bitcoin (BTC) maintaining stability above the $100,000 mark, global apathy toward it is undeniable. Google searches for Bitcoin and Wikipedia page views related to various cryptocurrencies and blockchains have dropped to levels seen during previous Bitcoin cycle bottoms.
“The truth is, very few people are interested in crypto right now. Most are just sitting back, waiting to see what happens…” CEO of Alphractal, Joao Wedson, noted.
This chart reveals a gradual decline in interest peaks over the years, particularly from 2021 onward, reflecting the exhaustion of retail investors following intense market volatility. This scenario has historically paved the way for major recoveries, such as the 2018-2019 period when bitcoin surged from $3,000 to $14,000. However, this lack of attention also poses risks, potentially causing the market to stagnate unless a new catalyst emerges.
Previously, at the end of April 2025, Bitcoin search volume on Google Trends remained low despite BTC’s price surging past $90,000 in 2025. Shifts in information behavior and Bitcoin’s market maturity contribute to declining search volumes on Google.
Positive Signal from Global Liquidity
In contrast, a promising signal is emerging from global liquidity, which is expanding at the fastest rate since 2021. Rising liquidity typically drives capital into risk assets like cryptocurrencies, especially as global interest rates show signs of declining amid the 2025 economic landscape.
A report from Bitfinex Alpha indicates that Bitcoin continues to trade within a well-defined range between $100,000 and $110,000, exhibiting signs of consolidation after an explosive near-50 percent rally from the April low of $74,634. Q3 has historically been BTC’s weakest quarter, with just +6 percent returns instead of over 31% in Q2. Price action tends to remain range-bound during this period.
“This suggests the market is gearing up for a potential shift. However, the current investor indifference toward Bitcoin might lead them to “arrive too late, becoming liquidity for the whales,” as CEO Joao Webson cautioned.
Additionally, the % Supply Active 30D Change index, which dropped 17% according to analyst Axel AdlerJr Jr., signals accumulation—a trend often preceding a bull run, similar to historical cycles.
“Current values are -17%. In September 2024, this was enough to start a new rally,” Axel AdlerJr shared.
Conditions for an Explosive Surge
Nevertheless, not all signals support an immediate breakout. According to analyst Julio Moreno, the Bitcoin Bull Score currently stands at 50, indicating a neutral market that needs to surpass the 60 threshold to trigger a genuine rally.
This implies that investors must exercise patience, awaiting catalysts such as macroeconomic news or actions from major institutions.
