Investor sentiment in crypto is now at the same level it was during the 2022 Terra-LUNA crash that sent shockwaves through the crypto market. Worldwide search volume for 'crypto' is hovering near one-year lows, reflecting weak investor sentiment amid a broad market downturn that reduced the total market capitalization of crypto from an all-time high of more than $4.2 trillion to about $2.4 trillion.

Currently, the worldwide search volume for 'crypto' stands at 30 out of 100, with a reading of 100 indicating the highest level of search interest. This peak was last reached in August 2025, coinciding with the market capitalization high. According to Google Trends data, the 12-month low is recorded at 24.

The situation in the US mirrors this trend, with search volume initially peaking at 100 in July before dropping to below 37 in January. Interestingly, US search figures diverged from worldwide data by surging back up to 56 in the first week of February. The yearly low for the US was recorded at 32 during the April 2025 market crash, which was fueled by US President Donald Trump’s tariff policies.

Google search volume data is often seen as a gauge of investor sentiment. It corroborates other sentiment indicators like the Crypto Fear & Greed Index, which measures crowd sentiment. This index hit a record low of 5 on Thursday but inched up to 8 by Sunday, indicating 'extreme fear' in the markets.

Investor sentiment is currently at levels reminiscent of the aftermath of the Terra ecosystem collapse in 2022. The collapse triggered a wave of cascading liquidations that accelerated the 2022 bear market. Investors are now searching for social signals that the crypto market has bottomed to time their entries.

Market sentiment analysis platform Santiment reported that crowd sentiment is fiercely bearish right now. The ratio of positive to negative commentary has collapsed, with negative comments reaching their highest point since December 1st. This suggests that many investors are feeling uncertain about the future of the crypto market.

In the face of these challenges, experts are encouraging investors to stay informed and vigilant. The current market dynamics highlight the volatility inherent in crypto trading, and with search volumes reflecting a downturn in interest, it’s crucial for investors to assess their strategies carefully. As the market continues to evolve, understanding sentiment can be as vital as technical indicators.

Moreover, the drop in search interest could also be attributed to external factors affecting the broader economy. Inflation concerns, regulatory scrutiny, and geopolitical tensions could be contributing to the current bearish sentiment in the crypto space. As these factors weigh heavily on investor psychology, the correlation between search volume and market activity becomes even more pronounced.

In summary, the current state of the crypto market indicates significant challenges ahead. With search volumes at a yearly low and investor sentiment in a precarious position, the coming weeks will be crucial for those involved in the crypto ecosystem. As always, staying informed and adaptable will be key for navigating these turbulent times.