- Bitcoin price drops $20,000 amid search volume surge.
- Market sees $2.6 billion in liquidations.
- Coinbase premium indicates renewed U.S. buying interest.
Google search volume for ‘Bitcoin’ surged to a 12-month high as Bitcoin’s price plunged to $60,000 on February 1, 2026, sparking increased retail interest and market analysis.
The spike in search interest and price volatility reflects heightened public attention and potential market opportunities, as indicated by the positive Coinbase premium and extreme fear sentiment index.
Bitcoin’s Google search volume hit a 12-month high of 100 during early February 2026. This surge coincided with a dramatic price drop from $81,500 to $60,000, followed by a quick rebound to approximately $70,000.
The turmoil mainly affected BTC, as no data suggests broader crypto market impacts. Analysts like Ran Neuner emphasize Bitcoin’s relative undervaluation, indicating potential investment opportunities amid market volatility.
This activity led to ripple effects across the market, including $2.6 billion in liquidations. Retail investor activity notably increased, evident from André Dragosch’s observation that “Retail is coming back.”
The positivity in the Coinbase premium further indicates a resurgence in U.S. market buying post-dip. The index had been negative until mid-January, suggesting potential market recovery and renewed investor confidence.
Analysts and investors anticipate further developments as Bitcoin remains volatile. However, historical patterns of increased search volume during dips hint at potential buying opportunities.
Insights from historical data suggest potential shifts in investor confidence. The Crypto Fear & Greed Index’s “Extreme Fear” status marks a significant sentiment shift, pointing towards potential market stabilization and opportunity for investors.
