U.S. "Bitcoin Zero" search volume soars to a new all-time high
PANews February 22 News, according to Google Trends data, the search interest for “Bitcoin zero” in the United States reached a record high in February, coinciding with Bitcoin’s price dropping over 50% from its all-time high in October of last year, approaching $60,000.
However, globally, the popularity of this search term has gradually declined since peaking at a score of 100 in August last year, and this month it is only at 38, indicating that panic sentiment is mainly concentrated in the United States.
Analysis suggests that the surge in searches in the U.S. may reflect widespread panic among retail investors and could serve as a contrarian buy signal. Similar search peaks in 2021 and 2022 coincided with local bottoms in Bitcoin’s price. However, since Google Trends is based on relative interest scores (0-100) and does not reflect absolute search volume, this signal may not accurately predict trend reversals.
Additionally, recent macroeconomic events in the U.S., such as tariff escalations, tensions with Iran, and domestic stock market risk aversion, may have heightened investor concerns. In contrast, investors in Asia and Europe have reacted more calmly to Bitcoin price declines. Despite this, the rising panic among U.S. retail investors remains significant, but it may not serve as a fully reliable indicator of a Bitcoin price reversal.
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