1_km_coke_line t1_j8x8eo0 wrote on February 17, 2023 at 4:31 PM

Graph the second derivative of the bitcoin price to see the real trend here.

Google search volume spikes whenever the price is actively pumping/dumping.

EDIT: I realize I meant “absolute value of the first time derivative of the price.” instead of “second derivative”.

hxckrt t1_j8yhypi wrote on February 17, 2023 at 9:23 PM

It's probably a combination of the first and second. The second is true if there are just as many shorts as longs, and it's only people that are checking the price, or other neutral interest. If it's late adopters getting in for the first time, that would be retail going mostly long, and waning interest causing smart money to go short, so that's just the rate of change.