As Bitcoin trades near $63,000, a familiar chorus is growing louder across social media: crypto is dead. The renewed wave of pessimism has prompted analysts to examine whether the extreme bearishness could be a contrarian signal, while an AI model outlined a chain of events that could theoretically push the world’s largest cryptocurrency below $10,000.

Santiment, a crypto analytics firm, flagged a fresh rise in death-related language across X, Reddit, Telegram, and other crypto-focused communities on Aug. 13. Terms including “dead,” “dying,” “over,” “ended,” “ending,” and “finished” are gaining traction as retail patience wears thin.

“Crypto ‘dead’ chatter is rising again,” Santiment posted on X. “This is fear language. It usually…