PANews February 28th news, according to Santiment data, the recent discussion on social media about 'buy the dip' has reached the highest level in 7 months. Especially after BTC fell below $80,000, a large number of investors expressed the willingness to catch the bottom.
BTC is down 21% over the past 30 days and 5% over the past 24 hours and is now trading at around $80,400, while Ethereum is down more than 30% in 30 days and is now trading at $2,139. However, Santiment cautioned that the market is often the opposite of popular sentiment, and when catch the bottom sentiment is overheated, prices can fall further, and investors should wait for market sentiment to cool before looking for buying opportunities.
Google Trends data shows that the search interest for "Buy the Dip" peaked at 100 on February 26th, and then fell to 49, indicating that market attention is adjusting. Santiment suggests that only when the market sentiment turns cold or pessimistic, can a real catch the bottom opportunity be possible.
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encryption market“catch the bottom热漠”达7个月新高,Santiment警告或非入场时机
PANews February 28th news, according to Santiment data, the recent discussion on social media about 'buy the dip' has reached the highest level in 7 months. Especially after BTC fell below $80,000, a large number of investors expressed the willingness to catch the bottom. BTC is down 21% over the past 30 days and 5% over the past 24 hours and is now trading at around $80,400, while Ethereum is down more than 30% in 30 days and is now trading at $2,139. However, Santiment cautioned that the market is often the opposite of popular sentiment, and when catch the bottom sentiment is overheated, prices can fall further, and investors should wait for market sentiment to cool before looking for buying opportunities. Google Trends data shows that the search interest for "Buy the Dip" peaked at 100 on February 26th, and then fell to 49, indicating that market attention is adjusting. Santiment suggests that only when the market sentiment turns cold or pessimistic, can a real catch the bottom opportunity be possible.