Interest in crypto, particularly Bitcoin, has decreased significantly as Google search volumes and Wikipedia pageviews decline, indicating low market confidence.
Bitcoin's price dropped from an all-time high of $111,000 to $107,720, with interest in cryptocurrencies falling globally.
Liquidity in the crypto market is increasing at a rapid pace, potentially opening up new upside potential for Bitcoin amidst dropping global interest rates.
While historically the third quarter hasn't been Bitcoin's strongest, there is cautious optimism if Bitcoin surpasses $110,000, as it could trigger bear liquidations. However, caution is advised due to potential fake moves before breakouts or pullbacks.