“Buy Bitcoin” Interest Spikes: Price Stabilizes After Sharp Correction

What’s Fueling “Buy Bitcoin” Trends: Is Jane Street Lawsuit Behind It?

Google searches for “buy bitcoin” have surged to their highest level in five years, signaling a sharp return of retail interest as Bitcoin stages a strong rebound. Data from Google Trends shows global search activity reached levels last seen during the 2021 bull market, with the spike recorded on February 25, 2026.

Source: Kalshi Prediction Market

The renewed interest comes as BTC recovers from one of its most volatile months in recent years. 

Price Movement: From 50% Drawdown to Measured Recovery

After peaking above $126,000 in October 2025, BTC suffered a deep correction, dropping nearly 50% at its worst point. February was marked by heavy ETF outflows, macro uncertainty, and geopolitical risks, pushing prices briefly below $63,000 earlier this week. 

Since then, BTC has bounced strongly. BTC is up 4.04% over the past 24 hours, trading near $68,200 and briefly testing the close $70,000 level. The broader crypto market has moved in tandem, with total market capitalization rising over 4%, indicating a beta-driven recovery rather than a single-asset breakout. 

Importantly, this recovery is supported by activity. Spot trading volume has jumped 38%, while derivatives open interest is up 11%, indicating growing participation rather than a low-liquidity bounce. 

Trust Seems to Back in the Markets: What’s Driving the Move

This shift is being widely linked to the lawsuit against Jane Street, where many traders argue Jane Street’s alleged insider trading during the Terraform Labs collapse.

Jane Street is a powerful trading firm whose automated strategies can influence short-term price movements, which is why its name pops up during big market swings.

While unproven, the timing has strengthened-backed the confidence and the bullish narrative that reduced structural pressure helped fuel the rebound.

Other major data points further explain why the coin is moving higher:

• Short liquidations: Over $500 million in crypto shorts were wiped out during recent upside moves, accelerating price action

• On-chain accumulation: Roughly 400,000 BTC has been accumulated in the $60,000–$70,000 range, suggesting long-term conviction

• ETF positioning: While U.S. spot Bitcoin ETFs saw $25B+ in net outflows over the past month, selling pressure has slowed, hinting at stabilization rather than continued distribution. 

• Geopolitical Tension Eases: While Trump’s tariffs policy is considered as the major cause behind recent crashes, the U.S. Supreme Court declared them illegal which brought ease in global markets suffering from heavy taxes. 

“Bitcoin Is Dead” vs “Buy Bitcoin”: Competing Narratives

Interestingly, the “Buy Bitcoin” trend comes at the time when “Bitcoin is dead” search data also achieved its highest since the 2022 FTX collapse, just a few days before. On one side, skeptics continue to revive the familiar, citing volatility, ETF outflows, and regulatory uncertainty.

This contrast highlights a classic cycle behavior: pessimism dominates headlines near bottoms, while quiet accumulation happens underneath. Historically, this clash of narratives, maximum doubt alongside rising buy interest, has appeared near market turning points, not tops. It doesn’t guarantee an immediate rally, but it often marks the transition phase where selling pressure weakens and a new trend begins to form.

Why This Scenario Is Different This Time

Instead of chasing upside, the market appears to be  re-pricing risk after exhaustion. If accumulation continues and macro conditions remain stable, this phase could evolve into a broader consolidation range, a pattern that has previously preceded stronger trend expansions.

In short, the data suggests Bitcoin isn’t “dead,” and it’s not in full bull mode either, but the groundwork for the next decisive move is quietly forming.

Note: This article is for informational purposes only and does not constitute financial, investment, or trading advice.