Santiment: Cryptocurrency 'Buy the Dip' Discussion Surges, Potentially Signaling More Risk

August 31st. Santiment, an emotion analysis platform, stated that with Bitcoin's decline, the mention of "buying the dip" on social media is on the rise. This may suggest that the cryptocurrency market has not yet reached its bottom. Apparently, people in the market are beginning to feel uneasy and are trying to find some entry points as the price dips. Santiment analysts said that this could be a warning signal for the market. Do not interpret the discussion of "buying the dip" as a clear indication of the market bottoming out. The real market bottom is usually accompanied by widespread fear and a decreased interest in buying. It often forms when the crowd loses hope and is afraid to make purchases. Price trends are usually contrary to the expectations of retail traders. History has shown that when more people think the market has bottomed out, it may actually indicate further declines.