Analyst Benjamin Cowen, founder of Into The Cryptoverse, highlights a decline in social interest regarding the cryptocurrency market. Data from Google Trends and Wikipedia search activity shows persistently low levels, which Cowen identifies as a potential indicator of structural reputational damage rather than a standard cyclical downturn.
Cowen notes that current market engagement, including YouTube viewership, has fallen below levels observed during the 2018 bear market. He suggests that the prevalence of memecoins and scams may be negatively impacting public perception, drawing a comparison to the depressed social interest in gold during the early 2010s.
The analyst maintains a neutral stance, evaluating both bullish and bearish signals without declaring a definitive market bottom. He continues to utilize a dollar-cost averaging strategy for Bitcoin, consistent with his previous projection of a fourth-quarter bottom for the asset near $44 000.
