Odaily News Coindesk analyst Aoyon Ashraf said that Bitcoin hit a record high this week, which was mainly led by institutions, and retail investors were almost "absent" from this round of rally. A quick search on Google Trends with "Bitcoin" as the keyword shows that the search boom during the 2021 bull run is completely gone now. Although there was a brief wave of retail enthusiasm during the US presidential election, a rapid meme coin craze briefly ignited market sentiment. But that wave of enthusiasm has long since subsided. Although Bitcoin broke through $111,000 to hit a record high this week, the price of meme coins fell rapidly, and retail enthusiasm cooled. Although Bitcoin has hit a record high, traders remain cautious, as can be seen from lower funding rates and increased short positions. Current market sentiment shows a trend towards more sustainable trading behavior, which may pave the way for long-term gains. (CoinDesk)