比特币（BTC）接近历史高（ATH），但Google趋势数据显示...

尽管比特币（BTC）非常接近其历史最高（ATH），但值得注意的是，与Google趋势上与比特币有关的搜索兴趣仍然很低。

Bitcoin (BTC) is getting closer and closer to its all-time high (ATH), yet search interest related to the cryptocurrency on Google Trends remains at a very low level, comparable to the bear market period of 2022 when BTC was only trading around $16,000.

比特币（BTC）越来越接近其历史最高水平（ATH），但是与Google趋势上的加密货币有关的搜索兴趣仍然很低，与BTC仅交易约16,000美元的2022年熊市时期相当。

This striking contrast between Bitcoin’s surging price and the public’s indifference has sparked debates among crypto community members on X.

比特币的飙升价格与公众冷漠之间的这种显着对比引发了X上加密社区成员之间的辩论。

Bitcoin price is approaching ATH but search volume is at record lows

比特币价格即将接近ATH，但搜索量处于记录低点

As of press time, Bitcoin is trading around $106,000. However, an X user pointed out that searches for the keyword “Bitcoin” on Google Trends have not risen correspondingly.

截至发稿时，比特币的交易约为106,000美元。但是，X用户指出，在Google趋势上搜索关键字“比特币”的搜索尚未相应上升。

Notably, the search volume is still at the same level as the 2022 bear market period when BTC was priced at around $16,000. This indicates that public interest in Bitcoin is currently very minimal, despite its value increasing more than sixfold since 2022.

值得注意的是，搜索量仍与2022年熊市时期的价格保持在同一水平，当时BTC的价格约为16,000美元。这表明，尽管自2022年以来，公共对比特币的兴趣目前非常少，但其价值增长了六倍以上。

This is an unusual signal as typically, when Bitcoin reaches new highs, attention from retail investors surges, often triggering a wave of FOMO.

通常，这是一个不寻常的信号，当比特币达到新的高点时，散户投资者的注意力通常会触发FOMO浪潮。

Explaining this phenomenon, another X user noted that retail investors seem largely uninterested in Bitcoin’s price surge. According to this user, Bitcoin’s price increase alone is not enough to spark FOMO. Only when the altcoin market explodes will “new blood” – retail investors – truly enter the market. This creates an opportunity for large institutions to sell off and transfer risk to new investors.

在解释这一现象时，另一位X用户指出，散户投资者似乎对比特币的价格上涨不感兴趣。根据该用户的说法，仅比特币的价格上涨不足以激发FOMO。只有当Altcoin市场爆炸时，零售投资者才真正进入市场。这为大型机构创造了机会，将风险卖给新投资者。

This perspective aligns with insights from Matrixport, which emphasized that medium- and long-term investors are the primary holders of Bitcoin. Meanwhile, retail investor participation remains very low.

这种观点与Matrixport的见解相吻合，后者强调了中型和长期投资者是比特币的主要持有人。同时，零售投资者的参与仍然很低。

The absence of retail investors might explain why Google Trends search volume hasn’t increased, even as Bitcoin nears its all-time high.

零售投资者的缺乏可能会解释为什么Google趋势搜索量没有增加，即使比特币接近其历史最高水平。

Besides, retail interest remains subdued compared to previous periods on Wikipedia as well. This indicates a lack of confidence and suggests that the market is not euphoric. HashKey Capital also noted that historically, whenever interest rates spike sharply, the market enters a state of euphoria, coinciding with price peaks.

此外，与Wikipedia的以前时期相比，零售利息仍然柔和。这表明缺乏信心，并表明市场不是欣快的。 Hashkey Capital还指出，从历史上看，每当利率急剧上升时，市场就会进入欣快的状态，与价格峰值一致。

Calm before the storm or a lack of market momentum?

在暴风雨前冷静或缺乏市场动力？

Some voices in the crypto community are optimistic about this phenomenon. X user The_Prophet_ stated that the current Google Trends chart represents the “silence before the detonation.” They suggest that the public’s indifference could be a sign of a larger price surge on the horizon.

加密社区中的某些声音对这种现象很乐观。 x用户the_prophet_表示，当前的Google趋势图表示“爆炸前的沉默”。他们认为，公众的冷漠可能是地平线上价格涨幅较大的标志。

This view is supported by X user SerSigma, who highlighted that Bitcoin’s volatility is currently at its lowest but won’t stay that way for long. According to this user, Bitcoin will continue to climb higher in the near future as the market begins to recognize its potential.

X用户含糊的支持，他强调了比特币的波动率目前处于最低状态，但不会长期保持这种状态。根据该用户的说法，随着市场开始认识到其潜力，比特币将在不久的将来继续攀升。

The lack of public interest, as reflected by Google Trends, presents both opportunities and risks for the Bitcoin market in 2025. On the positive side, the absence of retail investor participation means the market hasn’t been inflated by FOMO, helping Bitcoin avoid a price bubble like the one seen in 2021.

正如Google趋势所反映的那样，缺乏公共利益在2025年给比特币市场带来了机会和风险。从积极的一面来看，缺乏零售投资者的参与意味着FOMO并没有使市场膨胀，帮助比特币避免像2021年所看到的那样的价格泡沫。

On the other hand, the lack of retail investors raises questions about the sustainability of the current rally. If Bitcoin continues to rise without widespread public participation, the market may lack the liquidity needed to maintain long-term growth.

另一方面，缺乏散户投资者提出了有关当前集会的可持续性的疑问。如果比特币在没有广泛参与的情况下继续上升，那么市场可能缺乏维持长期增长所需的流动性。

This is particularly significant given that large institutions currently hold the majority of Bitcoin. Without “new blood” entering the market, institutions may struggle to sell at high prices, potentially leading to a sharp price correction in the future.

鉴于目前大多数比特币的机构占据了大多数机构，这一点尤其重要。如果没有“新血液”进入市场，机构可能会努力以高价出售，这可能会导致未来的价格较高的校正。

In the long term, Bitcoin is still expected to create significant market momentum. Many financial firms and major banks have issued optimistic forecasts for Bitcoin. Recently, HashKey Group predicted that BTC could surpass $300,000 in 2025.

从长远来看，仍然可以预计比特币会产生巨大的市场动力。许多金融公司和主要银行对比特币发行了乐观的预测。最近，Hashkey Group预测，BTC在2025年可以超过300,000美元。