‘Bitcoin is dead’ searches hit highest level since 2022 as CZ calls it a buying opportunity

Binance founder CZ said on Saturday that episodes of extreme negative sentiment have historically been the best times to buy bitcoin, as Google Trends data showed worldwide searches about bitcoin’s death surging to levels last seen during FTX’s November 2022 collapse. FTX filed for bankruptcy protection on Nov. 11, 2022, after a liquidity crisis driven by withdrawals and lost trust; bitcoin’s monthly low that month was $15,599. Bitcoin fell to $79,220 on Saturday amid heightened US-Iran tensions, triggering $841 million in crypto liquidations within 24 hours, mostly in long positions. It later traded around $80,872, below its 50-day moving average.