@BOMBERuss 21 April 2022 more from that month

The movement of the #bitcoin price in a narrow range has reduced the number of search queries for the asset in #Google to the lowest level since the end of 2020. In addition, the popular bitcoin fear and greed index has settled in the territory of "fear", despite the two-day recovery of #BTC after falling below $ 40,000. The day before yesterday, there was a surge in the activity of cryptocurrencies on the network, however, it seems that the demand from retail investors has decreased over the past few months, at least according to Google Trends. The number of queries in the world's largest search engine usually reflects the behavior of small investors, who, as a rule, enter the scene during the most significant bullish jumps. This was the case at the end of 2017, when BTC rose to its first #ATH of about $ 20,000. When the asset moved into a bear market lasting a year, the search came to naught. Something similar happened during last year's price hike, when BTC plummeted in April and then peaked in November at $69,000. As expected, in light of the current sluggish dynamics, bitcoin search queries have fallen to a minimum, which was last observed in December 2020. The Bitcoin Fear and Greed Index evaluates the overall mood in the #cryptocurrency community by examining various factors such as price volatility, surveys, BTC dominance, trading volume, social media interaction, etc. The calculation results are displayed in the range from 0 to 100, where zero means "extreme fear" and 100 means "extreme greed". At the end of March, when BTC was approaching the $50,000 mark, this indicator became extremely greedy for the first time since November. However, when BTC started to decline and fell below $40,000 in April, the index fell to extreme fear. Today, it shows just fear, because bitcoin managed to recover to the level of $ 42,000 for a while.