Cryptocurrency analyst Joao Wedson noted that there has been a change in investor interest in the latest market valuation. He said the sharp decline after Bitcoin reached $124,000 has also led to a decline in social media interest and Google searches.
“The search volume has decreased, but the market still has momentum. People usually show more interest when prices rise. Interest in Coinbase and Dogecoin has decreased over the past three days, but interest in Coinmarketcap, OKX, Binance and Hyperliquid has increased.
According to analysts, investors have initially turned their attention to CoinMarketCap and have since traded on exchanges in search of opportunities. However, social interest in major cryptocurrencies such as Ethereum, Solana and XRP reportedly returned to low levels.
Wedson also highlighted Binance's dominance in spot trading volume, saying, “Binance's spot volume outweighs all other exchanges combined. If this advantage lasts, it could be a very interesting month for BTC.
*This is not investment advice.
