Bitcoin is (again) running ahead of retail attention

I threw together a simple BTC/Google Trends indicator. Basically, it checks whether people are searching for bitcoin as much as you’d expect given the current advance.

As most here would suspect, as of right now, price has moved way ahead of attention. Searches have picked up a bit, but they’re still strongly lagging relative to where BTC is trading.

Translation: BTC is clearly on the move, institutionals are accumulating (BlackRock just snagged 1.97K BTC), but retail is once again not paying attention.

As evident on the correlation panel, FOMO usually kicks in after a significant threshold (e.g. $100k) has been breached.

TL;DR: Price UP / Retail MIA