2025-12-28 04:22:44

In the past month, one phenomenon has become particularly obvious—the search interest in cryptocurrencies has completely cooled down. From a peak of 100 in January, it plummeted directly to 26, a decline of 70%. Especially for questions like "how to buy coins," they have almost disappeared. What can you sense from this number? Retail investors are collectively hitting the brakes.

Even more heartbreaking is the panic index. This thing has been stuck in the "Extreme Fear" zone for 14 consecutive days, unable to move. Looking back at the flash crash on October 10, it forcibly wiped out nearly 20 billion USD in leveraged positions. The Meme coin bubble burst, the altcoin season completely failed, and not a single retail investor made a profit—all are taking hits.

Basically, the narrative has been shattered. The surge at the beginning of the year was based on policy expectations, but by the end of the year? Regulations have tightened instead, and liquidity is shrinking. Plus, the shadow of the FTX incident has not fully dissipated, along with the trust crisis caused by the chaos in Meme coins this year. Retail investors are now exhausted after being hit by both sides. They dare not chase highs or bottom fish, just watching from the sidelines.

MEME0,55%

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StableNomad

· 12h ago

ngl, the 100→26 drop is basically the "how to buy" searches turning into "how to recover" real quick. statistically speaking, this always precedes a capitulation bottom, but also... reminds me of UST in May, so maybe not lol

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OnchainDetective

· 12h ago

Interesting, the recent drop in search index... According to on-chain data, retail panic sell orders have already formed a clear capital outflow pattern. After analysis and judgment, there should be deeper signs of whale dumping behind this. 14 days of extreme fear, this rhythm doesn't seem right... Tracking multiple addresses for the 20 billion leverage liquidation, which wallets did the money flow into? It's obvious that some big players are building positions. I suspected this a long time ago. The FTX black swan hasn't settled yet, and regulators are tightening again. Under this double pressure, what can retail investors do? Just hold on, I'm waiting for the moment when on-chain data shifts. The narrative of being "destroyed" is a bit mild; it's more like being harvested... Regulation + liquidity contraction, this combo punch is aimed at curing retail illusions.

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potentially_notable

· 12h ago

Looking at these numbers is painful; retail investors are really scared. A 70% drop—how many people had to cut their losses to cause this? The collapse of the narrative is the most damaging; without a story, no one will step in to buy the dip. The shadow of FTX hasn't dissipated yet, and Meme coins are back to harvest another wave. No wonder people's confidence is shattered. Can the state of extreme fear last for 14 days without breaking? How desperate must one be. What about the policy dividends at the beginning of the year? Instead, by the end of the year, regulators hit back with a series of countermeasures. No one comes out of this unscathed; no wonder everyone is on the sidelines.

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