Bitcoin (BTC) is producing huge curiosity because the main digital asset continues to vary fingers beneath the $70,000 worth stage. Amid this bearish outlook, Strong Intel, an impartial on-chain platform, has noticed a spike in searches on Google Tendencies.
Bitcoin search spike mirrors market capitulation alerts
As per a chart shared by Strong Intel, the variety of individuals looking “Bitcoin is useless” has pushed this question to shut to its all-time excessive (ATH). Notably, the search has hit an ATH of 100 this February, coinciding with Bitcoin buying and selling round $68,000.
This metric often occurs when the value crashes or throughout an enormous market dip, as it’s presently. In essence, Strong Intel is affirming that the Bitcoin market could be very bearish proper now, therefore the spike in “Bitcoin is useless” searches.
Historic priority reveals that this lingering worry, which is triggering the searches, usually happens close to market bottoms. With Google Tendencies already hitting an all-time excessive on this search question, it may imply that Bitcoin is likely to be inching nearer to its worth restoration.
The main digital asset has, within the final 30 days, shed over 24% of its worth amid broader market volatility. Ever for the reason that final week of January 2026, when Bitcoin traded above $88,000, the coin has continued on a downward path.
As per a report from VanEck, Bitcoin’s latest brutal drawdown of about 29% alerts that one of many worst promoting pressures may quickly blow over. In line with the report, the plunge has flushed out market speculators and left sellers exhausted.
You May Additionally Like
BTC whale accumulation alerts diverging good cash habits
The coin has fluctuated between a low of $66,452.48 and an intraday peak of $68,260.47. As of this writing, Bitcoin was altering fingers at $68,175.67, which is a 0.48% improve within the final 24 hours. Bitcoin’s buying and selling quantity has surged by 23.88% to $41.93 billion inside the similar time-frame.
Bitcoin’s technical alerts counsel “Excessive Worry” at 14 close to its yearly low of 5. As per previous cycles, such broad-based worry has set the stage for sharper rallies as soon as sentiments shift. For the time being, although, institutional curiosity has not picked up as these massive holders stay cautious amid volatility.
Nevertheless, not all Bitcoin whales are backing down from accumulating the asset amid the extended market volatility. As noticed by famend on-chain analyst Ali Martinez, whales gathered over 30,000 BTC inside seven days. This means confidence in a possible worth rebound on the a part of these massive holders.