Google Trends data often correlates with Bitcoin price movements and can indicate shifts in retail interest. Extreme spikes in search volume frequently coincide with market tops as new participants enter during price euphoria, while sustained low interest periods often precede accumulation phases.

The MVRV Z-Score compares the current market value of Bitcoin (black line) to its realized value. The Z-score (orange line) measures the standard deviation between these two values, highlighting extreme overvaluation or undervaluation.

This chart helps visualize Bitcoin's market value and trends.