Bitcoin Price Volatility Sparks Retail Fear Amid ETF Outflows
Recent price fluctuations of Bitcoin have sent shockwaves through the market, as retail investors grow increasingly fearful. Google Trends data shows a significant spike in searches for phrases such as 'Bitcoin is dead' and 'Bitcoin is going to zero', suggesting that many are starting to doubt the cryptocurrency's future prospects.
Bitcoin's price has been trading within a narrow range of $64,000 to $70,000 in recent days, testing key levels during choppy sessions. Market analysts use Google Trends data as a gauge of retail sentiment, and its current readings suggest that fear is running high among individual investors.