Bitcoin CounterFlow

GOOGLE TRENDS AT LOWS 📉 Bitcoin search volume on Google is nearly hitting the lowest point of this cycle. It's only beaten by September 2023, right before the rally that anticipated the approval of spot Bitcoin ETFs in the US. Back then, price was showing very little volatility, following a 20% drop with no clear reason or news behind it, and market expectations for Bitcoin were pretty pessimistic. Pessimism combined with low volatility: nobody cared about Bitcoin. Shortly after, price exploded, catching everyone by surprise. Our platform launched just a few weeks before that, starting with a browser extension that showed market sentiment through a ticker with real-time price updates. At the time, I was quite bullish on price, because the Funding Rate was deeply negative. I already expected the cycles to repeat and the rally to come, I just didn't expect it to be such a strong move. Price went from 26k to 70k, from October to March. It only dropped after the ETFs launched, liquidating leveraged traders who took the post-launch rally as a given. It was herd mentality that made that mass liquidation possible. Which is exactly what we always say around here: watch out for herd mentality. — Cool, nice story about Bitcoin. But what does this tell us about price right now? We're in a different context: bear market, AI exploding… Price sitting at very low volatility. Will we see it explode and take off again? I believe not yet. The way I see it, price is still due for a strong drop, something like down to 55k, or more, we'll see. Market sentiment is still, in a way, optimistic. Many traders are comfortably leveraged on the long side, and we can see that through Funding and Open Interest. On top of that, the most likely scenario is history repeating itself: the bear market wrapping up in the coming months with a higher-volume bottom, alongside a likely pessimistic sentiment coming out of that drop. And along with that, we could see the collapse of some crypto company, since this kind of period tends to cause heavy losses for leveraged firms with poor planning and spending control. Let's keep watching. Always doing the opposite of the herd. While most people don't even care about Bitcoin anymore, saying it's already over, that there's no asymmetry left... we'll be here, calmly waiting to buy CHEAP.