Crypto searches spike in June, $581B in outflows cap recovery

Google searches for individual crypto tokens jumped through June, data from Alphractal shows. Interest in Bitcoin, XRP, Litecoin, Hyperliquid, and Solana climbed after a quiet stretch in prior weeks.

Historically, a search surge like this has pulled fresh capital into the market. In April, several tokens printed new highs after months of underperformance. This time the pattern looks different.

AMBCrypto found that retail interest is concentrating on specific tokens, not the asset class as a whole. Searches for general keywords like "crypto" and "cryptocurrency" have fallen since mid-May. Between May 15 and June 11, the Google Trends score for "cryptocurrency" dropped from 100 to roughly 40.

That divergence suggests retail attention is rotating into narrative-driven tokens rather than flooding the broad market. The broader crypto market cap rose to about $2.17 trillion after adding $60 billion over the past 48 hours, a sign of returning confidence. That inflow is a thin fraction of the outflows the market has absorbed.

Between May 12 and press time, total capital leaving crypto reached $581.76 billion. The recent 48-hour inflow covers roughly 10% of that. The gains do not yet signal a recovery phase.

The altcoin season index, which measures whether the market favors Bitcoin over altcoins, sits at 46 – near the mid-zone, implying neither bullish nor bearish conviction. Until the index crosses 75, the market is likely to grind lower with capital draining. A drop toward 25 would mean another prolonged decline with expanding losses.

For traders watching the crypto market analysis, the search data offers a signal worth tracking: retail is hunting specific stories, not buying the whole basket. That kind of selective interest can fuel sharp moves in individual tokens but rarely sustains a broad rally without a macro catalyst.