Santiment: cryptocurrency "buy on dips" discussions surge, which may indicate more risks

BlockBeats News, on August 31, sentiment analysis platform Santiment said that as Bitcoin falls, the number of mentions of "buy on dips" on social media is rising, which may indicate that the cryptocurrency market has not bottomed out. Apparently people are starting to feel uneasy in the market, trying to find some entry points when prices drop slightly. Santiment analysts say this could be a warning sign for the market. Don't interpret the discussion of "buy on dips" as a clear signal that the market bottoms out. The real market bottom is often accompanied by widespread fear and a weakened interest in buying, often forming when the crowd loses hope and fears of buying. Price movements are often opposite to what retail traders expect, and history shows that when more people think the market has bottomed out, it may actually indicate a further decline.