Sharp Drop in Bitcoin: "Going to Zero" Searches Reach Highest Level Since FTX Crisis

Panic Searches Reach Peak The sharp correction in Bitcoin's price has triggered a wave of panic among retail investors.
According to Google data, searches for "Bitcoin going to zero" have reached their highest levels since the FTX crisis in 2022.
This surge in search volume occurred simultaneously with Bitcoin's retreat from its peak levels to the $66,000 range.
The market volatility has sparked significant concerns regarding future expectations among market participants.
Fear Index at Critical Levels The Bitcoin Fear and Greed Index, which measures market sentiment, has dropped to a level of 9, entering the "extreme fear" zone.
In an assessment by crypto analysis platform Perception, it was noted that while the fear in 2022 stemmed from internal industry crises, current anxieties are primarily fueled by macroeconomic uncertainties.
Divergence Between Institutional and Retail Investors Experts point out that while retail investors are acting out of fear, institutional investors are following a different strategy.
Analyst Nikolic suggested that pessimistic forecasts recently shared in the media by figures such as Mike McGlone may have triggered the spike in Google searches.
According to Nikolic, the most notable point is that while panic searches among retail investors are increasing, institutional investors continue to accumulate Bitcoin.
This situation highlights a stark contrast in expectations between the two different investor groups in the market.