I noticed something interesting in Google Trends—searches for “bitcoin zero” in VS have skyrocketed in februari, right when BTC was dropping to $60k . It feels like a classic capitulation moment, and earlier similar peaks in 2021 and 2022 indeed indicated local bottoms.

But this is where it gets interesting. Globally, the same search term saw a peak in augustus, and now it has already fallen to 38. The VS flag is flying high, while the rest of the world stays much cooler. This suggests that the panic is much more localized—probably driven by U.S.-specific triggers like tariffs and geopolitical tensions. Azië en Europa are feeling it differently.

The caveat: Google Trends shows relative interest on a scale of 0–100, not absolute search volumes. With a much larger bitcoin user base now than in 2022, a score of 100 doesn’t automatically mean more people in absolute terms. So yes, retail fear in VS is clearly heightened, but does this really guarantee a clear trend reversal? I’m not sure. It could still be a contrarian signal, but not as reliable as it seems.