Something weird’s happening in Bitcoin land. You’d think, with prices brushing up near all-time highs, the internet would be on fire, right?

People shouting to the moon, memes everywhere, your cousin texting you about digital gold.

But no. It’s crickets out there. Google searches for Bitcoin just hit their lowest point since last October, score’s down to 28 on Google Trends.

The show must go on?

Experts say this ain’t your usual retail frenzy. Nobody’s grandma is buying Bitcoin right now.

The last time search interest peaked was November 2024, right before Bitcoin smashed through $100,000 for the first time.

Back then, everybody and their dog wanted a piece. Now? The crowd’s gone home, but the show’s still rolling. Or, it is?

So, who’s holding this thing up? Enter Hunter Horsley, the big boss over at Bitwise Invest. He’s got a theory, and it’s got teeth.

“This rally? It’s not the little guys. It’s the big players-institutions, advisors, corporations, even countries-keeping Bitcoin afloat.”

In code we trust?

He’s not just blowing smoke. Last week, Bitcoin ETFs saw their second-biggest inflows ever. That’s some serious capital moving in.

Horsley gets poetic about it, too, and says betting against Bitcoin isn’t just about doubting some code or a digital coin.

“You’re betting against the relentless will of a growing force.”

And you know what? He’s got a point. There are tens of millions of people worldwide, sweating, coding, and hustling to make Bitcoin work. It’s like trying to stop a freight train with a toothpick.

Dissonance

But let’s not kid ourselves. This whole situation? It’s a little bizarre. Retail investors are out, but the price is still sky-high.

It’s like walking into a casino at midnight and finding the high rollers still at the table, playing for keeps while everyone else is asleep. Makes you wonder what they know that we don’t.

So, if you’re waiting for the next Bitcoin boom to come from the masses, don’t hold your breath.

Right now, it’s the suits and the sharks running the show. Maybe that’s good, maybe it’s not. But it won’t last forever.

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