As 2025 is about to come to an end, Google search data provides an interesting signal — global interest in "cryptocurrency" is continuing to decline.

According to the Google Trends index (0-100 scale), this Monday the global "crypto" search index was only 26, just two points above the historical low of 24. Even more concerning is that the US market has already fallen below last year's levels, hitting a new annual low.

What does this reflect? Simply put, retail investors' attention is clearly waning. Search popularity often reflects the true sentiment of market participants — when everyone isn't searching for "crypto" much, it usually indicates that market enthusiasm is indeed cooling down. At this point, it's more important to observe what institutions and leading players are doing.