#GoogleTrends

📉$BTC “going to zero”? Social media panics as institutional investors wait

The crypto market is once again in a do-or-die mood. According to Google Trends, searches for “Bitcoin going to zero” and “Is Bitcoin dead?” have soared to 2022 highs.

What’s happening in the market right now?

‱ Extreme fear: The Fear and Greed Index has fallen to 5, its lowest level since 2019. The market is literally paralyzed by anxiety.

‱ Correction: Bitcoin is trading around $66,500, down 47% from its October all-time high ($126,080).

‱ Traders’ forecasts: On forecasting platforms (Polymarket, Myriad), players are betting on further declines. The chances that BTC will first touch $60,000–$55,000 are estimated at 64-68%.

Is this really the end?

Despite the panic in search engines, experts are taking a more sober view of the situation:

‱ Standard Chartered and CryptoQuant see a “bottom” in the $50,000–$55,000 range before a new growth cycle.

‱ Michael Saylor (MicroStrategy) continues to ignore the noise, holding $47 billion worth of Bitcoin and planning to buy more “every quarter, forever.”

While the crowd is looking for a date for the cryptocurrency’s “death”, big players are simply waiting for a better price to enter.

BTC
BTCUSDT
65,519.1
+3.76%