Is Bitcoin struggling to reach new historical highs? BTC search interest is lukewarm, and volatility is nearing its lowest level in two years.

According to the latest data from Google Trends, Bitcoin's current ranking on Google's search hot list has fallen sharply to 25th, and the search popularity index is 30, a new low since October last year. "CoinDesk" reported yesterday (4) that this phenomenon shows that the interest of retail investors in the market, market excitement, and speculative desire have been significantly insufficient. (Synopsis: U.S. military top bracing for Bitcoin? Senator Lummis exposes the military value of BTC strategic reserves) (Background added: Micro Strategy adds position to Bitcoin to "issue 250 million magnesium preferred shares", Michael Saylor: buy BTC is an explosive trend) After hitting an all-time high ($111,963) in May, Bitcoin's current upward momentum stalled, with a minimum of $103,078 on May 31. At the moment bitcoin is tentatively trading at $104,785, is it consolidating and accumulating breakout momentum, or has the stage high arrived? There is no very clear direction at the moment. Bitcoin movement. Source: OKX Bitcoin Google search popularity decreases At the same time, according to the latest data from Google Trends, Bitcoin's current ranking on Google's search hot list has fallen sharply to 25th, and the search popularity index is 30, a new low since October last year. Source: Google Trends As for the fading popularity of Bitcoin, CoinDesk reported yesterday (4) that this phenomenon shows that the interest of retail investors, market excitement, and speculative desire in the market have been significantly insufficient. At the same time, the report also analyzed that this sluggish interest coincides with the historically low volatility performance of bitcoin. The Bitcoin Volatility Index (DVOL) is currently just above 40, one of the lowest levels in the last two years and second only to the mid-2023 trough. Deribit's implied volatility indicator further highlights market stagnation: the IV ranking (the current implied volatility compared to the past year) is only 2.3, near the lowest point of the year; The IV percentile is as low as 0.3, indicating that implied volatility has been below this level less than 1% in the last 12 months. Sygnum Bank: Bitcoin will gain new impetus due to turmoil in the US bond market and a weakening US dollar Although the current discussion of bitcoin is weakening, Sygnum Bank is still optimistic about the future direction of bitcoin in the latest market analysis report. The report states: Bitcoin's status as a safe-haven asset has gained new momentum due to turmoil in the US Treasury market and a weakening US dollar. Bitcoin's liquid supply has fallen by about 30% over the past 18 months, and this significant reduction could set the stage for upward price volatility in the coming months. Specifically, Sygnum Bank's views on bitcoin include: Market dynamics and liquidity pressures: "Bitcoin liquidity supply is severely constrained, while demand trends continue to improve, creating conditions for upward price shocks," the analysts said. Increased inflows into exchange-traded funds (ETFs) and the openness of governments to bitcoin reserves have driven a "demand shock" scenario, in which buyers chase too many scarce coins. Safe-haven position strengthened: Falling U.S. Treasury prices and a surge in federal debt prompted investors to turn to gold and bitcoin. Bitcoin's resilience in the face of fiscal headwinds suggests that it is becoming the safe-haven asset of choice, and a weaker US dollar and turmoil in the Treasury bond market have further strengthened its position. Geopolitical demand catalysts: The report also highlights geopolitical factors driving new demand growth. For example, three US states have passed bitcoin reserve bills, and a leading political party in Pakistan and the United Kingdom is considering an official bitcoin reserve allocation. Related reports Lee Jae-myung elected president of South Korea, what is his attitude towards cryptocurrencies? Will the ban on Bitcoin spot ETFs be relaxed? US military top bracing for Bitcoin? Senator Lummis exposes the military value of BTC strategic reserves Trump Truth Social applied for a bitcoin ETF, and the censor "the chairman of the SEC is his own family" caused controversy "Is it difficult for bitcoin to continue to write a new all-time high? BTC search is cold, volatility is approaching the lowest level in two years" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".