‘Bitcoin going to zero’ searches hit record high – Time to buy the fear?

Google has flashed another crucial buying signal for Bitcoin. According to Google Trends, the search term “Bitcoin going to zero” hit a record high in February 2026. 

While this may sound alarming to new Bitcoin users, it could be a positive, contrarian signal for long-term buyers to get into the market. 

AMBCrypto’s evaluation of past spikes in “Bitcoin going zero” and their correlation with crypto asset price action further reinforced the aforementioned thesis.

Bitcoin – Is another market bottom likely?

When the search term’s historical data was overlaid on BTC’s price action, it revealed that the spikes marked either local or market cycle bottoms. 

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. 

Here, it’s worth pointing out that similar spikes for “BTC going to zero” happened in June and December 2022, with the latter coinciding with the market cycle bottom. 

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. 

Time to buy the fear?

Another way to view Google Trends’ spikes is as extreme market capitulation or peak fear, which tends to be a great buying zone for long-term investors. 

In fact, the aforementioned thesis was reiterated by the Bitcoin Rainbow chart – A pricing model that tracks whether BTC is overvalued or undervalued. 

At the time of writing, BTC’s price action was in the “Bitcoin is dead” zone, which marked past market cycle bottoms. Put differently, the extreme fear has offered a prime discounted window to buy BTC. 

That said, progress on the CLARITY Act, Kevin Warsh’s confirmation as Fed chair, and the U.S midterm results could further determine whether a true market bottom forms around the current level or not. 

Final Summary

• The hike in “Bitcoin going to zero” may signal a potential local or market cycle bottom at press time levels above $60k. 
• Bitcoin Rainbow chart revealed that the press time level was in the “BTC is dead” zone, which marked past market cycle bottoms.