Will Bitcoin Fall to Zero — and What It Says About the Market

Disclaimer: This material is for informational purposes only and does not constitute investment advice.

When markets shake, people don’t Google “how to optimize a portfolio”. They Google “Bitcoin is dead” and “Bitcoin to zero”. In February 2026, these queries spiked again: Google Trends showed a sharp rise in interest for these phrases.

This isn’t just a meme. It’s a crowd psychology indicator: fear, the desire for a 10-second answer, and classic capitulation rhetoric that resurfaces in nearly every major cycle. 

The real question for investors is: is this a bottom signal — or just panic?

What Happened

According to Google Trends, the spike in “Bitcoin going to zero” / “Is Bitcoin dead” searches coincided with a period when the market was digesting a sharp drawdown and broader risk-off conditions. CoinDesk noted that in the U.S., “bitcoin to zero” reached record levels, though as a bottom signal it remains ambiguous.

Decrypt also reported that searches about Bitcoin’s “death” climbed to levels not seen since 2022 amid worsening market sentiment.

In short: people mass-search worst-case scenarios precisely when fear peaks.

Why These Searches Explode During Selloffs

1) It’s an Attempt to Buy Certainty

During high volatility, the brain looks for simple answers. The query “Is Bitcoin dead?” isn’t analysis — it’s emotional validation: am I the only one thinking this?

2) Media and Social Networks Amplify the Effect

These headlines generate clicks. The more coverage, the more searches. It becomes a feedback loop: attention fuels more attention.

3) Market Memory: The FTX Trauma Effect

Decrypt connects the spike in such searches to deteriorating sentiment and memories of past collapses.

4) A 2026-Specific Trigger: Disappointment in the Institutional Backstop

Amid the decline, ETF outflows and weak dip-buying have dominated headlines. MarketWatch wrote that Bitcoin ETFs were “hemorrhaging billions” as investors searched for signs of a turnaround.

That narrative pushes retail toward binary, end-of-the-world queries.

Is This a Bottom Signal — or Just Panic?

The honest answer: sometimes it coincides with seller exhaustion zones, but by itself it guarantees nothing.

Why It Can Signal a Bottom:

• Mass panic often appears near the final phase of a decline.
• When everyone asks if Bitcoin is dead, most sellers are already active.

Why It Can Be a False Signal:

• Search interest reflects emotion, not capital flows.
• Markets can continue falling for weeks even with peak fear.
• Macro regime (rates/dollar/liquidity) can sustain risk-off longer than expected.

Conclusion: when fear dominates, mistakes become more expensive.

7 Actions to Avoid Blowing Up Your Portfolio During Capitulation Headlines

1) Check Your Time Horizon

If you invest for years, daily headlines shouldn’t alter your plan. If you trade weeks, you need defined levels and scenarios.

2) Turn Risk Into Numbers, Not Feelings

Set a maximum loss per idea in advance — not “a lot” or “a little,” but X euros or Y% of capital.

3) Don’t Average Down Emotionally

Averaging without a plan in a falling market often accelerates mistakes.

4) Remove Leverage in Crisis Mode

Leverage during fear almost always leads to bad decisions.

5) Separate Core From Experiments

Your long-term position and short-term ideas must live separately. Otherwise, you’ll try to treat anxiety with trading.

For the stable part of a portfolio, Hexn offers Hold — fixed-yield deposits up to 20% APY with weekly payouts. An ideal core component.

6) Watch Liquidity and Exit Conditions

In risk-off, it’s not expensive to buy — it’s expensive to exit. Spreads and slippage during volatility are a hidden tax.

Conclusion

The spike in “Bitcoin to zero” searches in February 2026 is not proof that Bitcoin is dead. It’s proof that the crowd is scared again — and looking for simple answers.