Recently analysts saw a warning indicator after Google searches in Feb flashed another crucial buying signal for Bitcoin. According to Google Trends, the search term “Bitcoin going to zero" has hit a new ATH.
For example, in May 2021, the mid-bull run pullback hit 55%, dragging BTC from over $60k to $30k. Over the same period, the “Bitcoin going to zero” interest spiked to a high of 58. What followed? A local bottom was formed, and BTC climbed higher to a new high of $69k. This marked the peak of the 2021 cycle.
When the bear market phase intensified, BTC fell by 75% and briefly stabilized at $20k in June 2022. It later slipped lower, but finally bottomed out at $16k in December. Afterwards, BTC rallied by nearly 8x to $126k by late 2025.
Likewise, the spike in November 2025 coincided with a local bottom at $80k, after which BTC briefly surged to $97k before dropping again. As such, the recent historical surge in “BTC going to zero” to 100 in January and February 2026 could hint at a potential local or market cycle bottom at $60k.
This summarizes that the view Google Trends’ spikes is as extreme market capitulation or peak fear, which tends to be a great buying zone for long-term investors. As of now, at the time of writing this article, BTC’s price is in range between $67,000 - $68,500 and is down by 2.31% over this weekend.