“Bitcoin Going to Zero” Searches Hit Highest Level Since FTX Collapse
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Google searches for “Bitcoin going to zero.” Source: Google TrendsGoogle searches for “Bitcoin going to zero” have surged to their highest levels since the aftermath of the FTX collapse in November 2022, according to Google Trends data. The spike comes as Bitcoin has fallen nearly 50% from its October 2025 all-time high near $126,000 to roughly $66,500, reviving extreme fear across retail markets.
The Bitcoin Fear and Greed Index has dropped to around 9 — a level last seen during the Terraform Labs ecosystem collapse and the FTX fallout. Back in 2022, similar search spikes followed FTX freezing withdrawals, when Bitcoin plunged to nearly $15,000. Today’s price decline may look similar on the chart — but analysts argue the underlying drivers are very different.