Bitcoin is racing fast toward its all-time high of $109,111, with prices surging. But despite this strong rally, the retail interest is still subdued. Wikipedia searches for cryptocurrencies are low again, even as Bitcoin briefly touched $108,000 level today. This shows that people are not very confident right now.
Markets might be in a phase of disbelief or the excitement may have cooled off. Historically, big jumps in interest happened when the market was very excited and prices were at their highest.
Low Bitcoin interest despite 6x price jump
The search interest related to Bitcoin on Google Trends also remains low. This can be compared to the bear market period of 2022, when Bitcoin was trading only around $16,000. Despite Bitcoin’s price jumping 6x since 2022, the interest remains significantly low.
Do Altcoin rallies trigger real retail hype?
One X user observed that retail investors are not excited by Bitcoin’s price alone. Instead, they tend to jump in when altcoins skyrocket. The takeaway here is that altseason is when retail truly shows up, and that’s when big players use the hype to sell. Until that euphoric altcoin surge happens, the bull market is not over.
This view also aligns with Matrixport’s take that most Bitcoin is being held by long-term investors and not everyday people. The lack of retail investors may explain why Google search interest for Bitcoin remains low, even as its price approaches record highs. Some in the crypto space see this as a bullish sign, calling it the “silence before the detonation.”
Will The Rally Last?
But it also raises concerns over the sustainability of the current rally as the markets may lack the liquidity needed for long-term growth. Still, the long term outlook is optimistic with bullish targets for Bitcoin.
Bitcoin (BTC) remains on track for more gains despite rising tensions between Israel and Iran, according to macro investor Raoul Pal. In a post shared recently, Pal argued that global liquidity explains most of Bitcoin’s price moves. Bitcoin Ignores Geopolitical Tensions, Follows Liquidity Instead The popular macro investor shared a chart that compared Bitcoin with
July kicks off with a positive note for the XRP token as the price witnesses significant upward momentum. The Ripple token hit a multi-year high in January 2025 but consolidated with the rest of the crypto market before investors’ interest reignited. Just today, the price has surged 3.6% and even higher on the weekly frames
Cardano (ADA) shows renewed strength, up more than 10% in the last 24 hours. Its market cap is now at $26.5 billion. Trading volume has surged 50% over the same period, reaching over $900 million, signaling rising interest and activity.
As ADA forms an early-stage uptrend, technical indicators like ADX and EMA suggest growing momentum and the potential for a bullish breakout. However, a six-day decline in whale wallets raises caution, highlighting a possible divergence between price action and large-holder behavior.
Cardano ADX Rises: Is a Stronger Move Coming?
Cardano’s ADX (Average Directional Index) has climbed to 18.08, up from 14.88 a day earlier, signaling growing trend strength.
This shift comes as ADA starts forming an early-stage uptrend, with higher lows beginning to appear on the chart. While the price hasn’t broken out decisively yet, the rising ADX suggests that underlying momentum is building.
Traders often monitor these early ADX increases as potential signals of a larger move ahead, especially when paired with bullish structure.
The ADX is a widely used technical indicator that measures the strength, but not the direction, of a trend. Readings below 20 typically indicate a weak or ranging market, while values between 20 and 25 signal that a trend is forming.
A move above 25 confirms a strong, active trend. With ADA’s ADX now at 18.08 and steadily rising, the indicator is approaching the critical threshold that could validate a strengthening uptrend.
If the ADX crosses above 20 and price continues to climb, it could attract more bullish momentum and increase the chances of a sustained rally.
ADA Whale Wallets Drop for Sixth Day—Caution Ahead?
Despite Cardano forming an early-stage uptrend, the number of ADA whale wallets holding between 1 million and 10 million ADA has been quietly declining.
There are 2,426 such addresses, down from 2,438 just six days ago. This marks a six-day consecutive drop, following a recent peak that represented the highest whale count since mid-March.
While the price shows signs of strength, the quiet exit or redistribution among large holders could raise caution for short-term momentum.
Tracking whale wallets is crucial because large holders can significantly influence price direction through accumulation or distribution behaviors. When these addresses grow in number, it often signals confidence in the asset and a potential for sustained rallies.
Addresses Holding Between 1 Million and 10 Million ADA. Source: Santiment.
Conversely, a consistent drop in whale activity—especially during a forming uptrend—may suggest profit-taking, reduced conviction, or capital rotation into other assets.
At current levels, the ongoing decline in ADA whales may be an early warning sign that not all large investors are backing this rally. If the trend continues, it could limit Cardano’s upside potential, or at least slow down the pace of gains.
Traders should watch closely whether this divergence between price action and whale behavior widens or begins to realign.
Cardano Eyes Golden Cross as Price Approaches Key Resistance
Cardano’s EMA lines are tightening, suggesting a golden cross could form soon—a bullish signal that occurs when the short-term EMA crosses above the long-term EMA.
If confirmed, and if Cardano price breaks above the $0.73 level, it could open the door to test the next resistances at $0.746 and $0.774.
A sustained breakout would put $0.80 in play, a level not seen since March 8, potentially reigniting broader bullish momentum for ADA in the short term.
