Feb 28, 202513785 Views
Feb 28, 2025
According to Cointelegraph, in the market adjustment where Bitcoin fell below $80,000, discussions on social media about "buying the dip" in cryptocurrencies have reached the highest level since July last year. The on-chain analysis platform Santiment pointed out in its report that traders have shown "extreme confidence" on social platforms such as X, Reddit, and Telegram, believing that the current decline is a "buying opportunity". However, Santiment warned that the high enthusiasm in the market for buying the dip is not necessarily a signal to enter the market, as the market often develops in the opposite direction to public expectations. "Ideally, we should wait for this group enthusiasm to fade, as a signal that retail traders have suffered enough pain, before proving the rebound is reasonable." Google Trends data shows a similar trend, with the search interest for "buythedip" reaching a peak score of 100 on February 26, but has since dropped to 49.
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