Reviewed by Reviewed by Saman Waris Updated 03:00 EDT October 6, 2026 Share Share Share Back to Top The crypto market capitalization has expanded notably in the past couple of weeks, with its valuation reaching $2.93 trillion. This move has since brought the attention of investors back, who are now more than ever anticipating a possible crypto bull run
Calls for a major bull run are understandable, especially as crypto market capitalization gained roughly $372 billion in the past 19 days, according to data on TradingView. Yet, the present level remains far off from the all-time high, which peaked at $4.27 trillion
The early optimism is undeniable, but data shows there’s a divergence between capital flow into the crypto market and the search interest for crypto
The Google Trends Analysis from Alphractal, which measures investors’ interest in an asset by tracking search interest for multiple cryptocurrencies across social media platforms, shows there’s been a steady decline
In fact, the search interest has now fallen to its lowest level since 2024, suggesting low activity across the market
Usually, during a bull market run, it’s common to see the price of these assets align with interest, as high search interest implies investors are rotating capital into the crypto market
In a situation like this, it often implies that retail investors are not paying attention to the crypto market, which could ultimately limit the capital flow needed to push the asset higher in the near term
There are early signs that show investors in the market are still bullish on crypto assets. The Altcoin Season Index, which measures market conditions, suggests that the market is close to an altseason
Altseason is a period where altcoins (cryptocurrencies other than Bitcoin) continue to surge significantly higher while Bitcoin sees minimal gains within that period
As it stands, the index has a reading of 72, while it continues to surge forward, hinting at a strong bullish stance
Likewise, the Fear and Greed Index shows that investors are aggressive about their bullish positioning on certain altcoins. At press time, data shows investors are in the Greed stage
However, should the market enter the Extreme Greed phase, it would mean that the upside may remain limited, with prices surging forward before seeing a downturn in the near term
A key level of importance to track is the stablecoin flow in the market, which acts as dry powder for the market
At the time of writing, the stablecoin market capitalization supply has reached roughly $307.79 billion. Roughly $604.82 million of the flow came in the past seven days, according to data from DeFiLlama
Stablecoin supply surging often hints that investors may be preparing to rotate capital into the market yet again, a sign that the bulls are lurking
Notably, while there’s a divergence between Google Trends and the crypto market capitalization flow, it doesn’t rule out that the market isn’t bullish yet, as this could mean the market is in the early bull stage
Olayiwola Dolapo is a Crypto Research Analyst at AMBCrypto, driven by a mission to make the digital asset space more transparent and understandable for all. His journey was catalyzed by an early experience in the market that underscored the importance of deep, foundational knowledge—a principle that now guides his professional work
