When crypto is growing, everyone wants to work in crypto. But how strong is this connection?

I analyzed the dynamics of job searches in crypto along with the movement of Bitcoin and Ethereum over the past year.
The result: a correlation of r=0.79 between the demand for crypto jobs and the movement of Ethereum. The joint peak was in August 2025. Ethereum +90%, BTC +30%, and record interest in vacancies at the same time.
When the market crashed in February 2026, interest in working in crypto collapsed just as quickly.
The labor market and prices move together. The only question is: which comes first?
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Methodology & Limitations
This analysis uses Google Trends as a proxy for crypto job market activity. Trends data reflects general search interest in the query "crypto job" and may include non-job-seeking behavior such as general curiosity or research. The dataset covers a single market cycle (52 weeks), which limits the statistical generalizability of the findings.
Correlation does not imply causation - both metrics may be jointly driven by broader market sentiment rather than one causing the other. No lag analysis was performed to determine whether job demand leads or lags price movements.
Disclaimer
This analysis is intended for internal research purposes only. Past correlations are not indicative of future relationships. Data sources: Obchakevich Research, Artemis, Google Trends.