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RE: The Crypto Markets have lost close to $800 Billion from their peak
That google trends thing is interesting but not the whole story. Often people search for bitcoin because they don't understand it, which means that once they search for it once they don't need to search for it again. Though there is correlation between checking prices and bitcoin going up...
Of course!! only google trends can not be a indicator, But sometimes, some indicator can be first signals like a pessimist forecasts Generally, many exchange ( such as stock,future or commodity) asset price trends occur after pshycological effect.