After reaching an all-time high of $126,000 in October 2025, the significant correction in Bitcoin (BTC) prices, currently near $65,048, has sparked interest in a catastrophic scenario.
According to Google Trends, the query «Bitcoin goes to zero» This means “Bitcoin goes to zero” in Spanish. Reached value 100, representing the highest level of search on GoogleAs you can see in the graph, this is a screenshot taken today, February 23, 2026.
This level reflects the extreme fear among market participants after falling about 48% from its peak.
This increase in searches for potential loss of assets is not isolated. This usually coincides with a phase of high volatility and significant downward pressure..
Looking at the Google Trends graph above, we observe a notable historical rally in early to mid-2022, albeit of low intensity (around 40-50), associated with the collapse of the Terra network cryptocurrencies terra (LUNA) and terra USD (UST), and the bankruptcy of the FTX exchange at the end of the same year. As CriptoNoticias reported at the time, these events triggered the so-called “crypto winter” and had a severe impact on Bitcoin and cryptocurrencies in general.
Extreme fear exists in the Bitcoin market
Negative peak too These reflect that fear is dominating the market and reaching extreme levels.
This measurement is consistent with the Fear and Greed Index created by CoinMarketCap. This indicator analyzes how factors such as volatility, trading volume, price trends and even comments on social networks capture the situation, which is causing serious concern among operators and investors.
I’m currently at 14 (extreme fear zone). As shown in the graph, it reached 5 in early February, the lowest level ever.
This indicator is graphically displayed as a line that changes shades of yellow, orange, green, and red depending on the level of emotion, and serves as a thermometer of collective behavior in the digital asset ecosystem.
Areas of extreme fear and terror—colored red and orange on the graph— Bitcoin and crypto market participants are showing undue concern.
Surrender and downward spiral
In this scenario, many participants accept large losses and liquidate their positions, expecting an even larger decline. This action amplifies selling pressure and accelerates the downward spiral in price.
Despite its current intensity, Bitcoin has faced similar “death” stories many times throughout its history. Historiography records that he was declared “dead” 477 times. Of course, all of them are failures.
Beyond the price imperative, Bitcoin’s fundamentals provide a strong case for those taking a long-term view.
Its design includes features that demonstrate the potential for store of value, such as absolute scarcity (fixed limit of 21 million BTC), resistance to censorship, and non-forfeiture due to its decentralized nature. These properties have maintained their historic upward trend despite repeated severe corrections.
Regarding the current search record for “Bitcoin goes to zero”, Vanadi (Spanish Bitcoin finance company) X account writes: “The more noise there is, the more questions arise… But Bitcoin is still here, supply is limited, and transparency is the same as always. At Vanadi, we believe: Fear is temporary, Bitcoin scarcity is permanent.”
