Crypto Dip purchase social media mentioned at their highest level since last July amid a crypto market route that recently sent Bitcoin to under $ 80,000.
Santiment’s social sentiment found that discussions of entrepreneurs on various social media channels such as X, Reddit and Telegram between February 25 and 26 “shows a very high level of confidence” that this sinking is to “buy, ‘” the platform Says In a POST OF PEB. 28 in X.
This is the highest level of Crypto dip-purchase of interest in seven Month, it added.
Bitcoin dropped below $ 90,000 on February 25, one day after US President Donald Trump announced his planned 25% tariffs in Canada and Mexico is forward.
The price is since Poured more of the gains The Post-US election, which drops below $ 80,000 in February.
The Santiment tracker has arranged through cryptos specific social media channels for the top 10 words that have seen the most important increase in the last 14 days. Source: Singlent
However, the Analytics platform states that high interest in buying a dip is not necessarily a signal to jump to the market as it often moves in the opposite direction of expectations.
“Ideally, we are waiting for the enthusiasm of this majority to die as a signal that sufficient illness hit retail entrepreneurs to justify a bounce,” Santiment said.
“The markets move in the opposite direction of the majority’s expectations, so look for the decline in optimizing and shrinking levels buy-the-DIP calls as a bullish signal.”
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Santiment tracker has arranged Specific to crypto Social media channels such as X and Telegram for the top 10 words that have seen the most important increase in social media references compared to the past two weeks, According to In its method.
Bitcoin (Btc) has withdrawn over 21% in the past 30 days and has dropped 5% in the last 24 hours, trading around $ 80,400, According to In CoinMarketCap data. Ether (Eth) Ay down Over 30% in the past 30 days and fell 7.54% on the last day, trading around $ 2,139.
In a follow-up post, Santiment Says It is not surprising that prices are falling even after the “crowd of the crowd is in the entire prospects of a dip purchase.”
Source: Singlent
“Find the crowd who becomes disinterested or hopeless as a sign that the real chance of buying a dip,” the platform said.
Google Trends data Shut up A similar narrative playing as an interest in searching “Buy Dip” spiking at 100 on Feb. 26 when looking at a week’s time. However, the search interest has since dropped to a score of 49 to 100.
Google Trends data shows many people interested in the word purchase of DIP. Source: Google Trends
Meanwhile, searches for the word “crypto” hit the highest level of 100 in the last seven days on February 25 and Present Sitting at 87 out of 100.
A value of 100 is classified as the peak’s popularity for the term, According to On Google Trends FAQ, while a mark of 0 means a bit low for the term that day.
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