Bitcoin’s price is about $107,307 as of May 28, 2025, a 2.8% drop from the last close. Even so, public interest in Bitcoin has dropped to levels usually seen during bear markets, which has traders worried that prices might stay the same or drop even more.
Less interest from retail
Recent data shows that Bitcoin’s search interest on Google Trends has dropped significantly, similar to how low it was during the bear market of 2022. The drop in search volume and social engagement suggests that retail trading has dropped significantly, which often happens before periods of low volatility or possible accumulation phases.
Bitcoin’s 24-hour spot trading volume has also dropped to about $18.5 billion, which is 15% less than it was last week. This lack of interest could mean that fewer people are buying things at retail stores, which is often a sign that prices will stay the same for a long time or go down.
Market Sentiment and Technical Indicators
From a technical perspective, Bitcoin’s Relative Strength Index (RSI) on the daily chart is at 42, which means it is oversold, but there is no clear signal for a reversal. Bitcoin has not been able to break above the 50-day moving average at $68,500 since May 20, 2025, making it a key resistance level. Volume analysis backs up the bearish mood. On-chain transfer volume fell to 250,000 BTC per day on May 27, 2025, which is a 20% drop from early May levels.
Bitcoin’s 30-day correlation with the S&P 500 has also dropped to 0.35 as of May 28, 2025, down from 0.5 in April. This means that crypto is becoming less connected to other risky assets.
What does this mean for traders?
Traders should be careful right now because of the state of the market. The lack of interest in retail and trading, along with bearish technical indicators, suggests that prices may stay the same or go down even more. Traders should keep an eye on on-chain metrics and market sentiment to look for signs of a possible reversal or a chance to buy more. In the past, low interest rates have led to price increases in the cryptocurrency market.
In conclusion, traders should be careful in 2025 because Bitcoin interest has dropped significantly to bear market lows, trading volumes are also dropping, and technical indicators are pointing to a bearish trend. Keeping an eye on market sentiment and on-chain metrics will be very important for finding possible reversal points or opportunities to build up in the cryptocurrency market.
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