The surge in 'buy the dip' mentions on social media coinciding with Bitcoin's recent 5% drop indicates potential further declines in the crypto market, as stated by sentiment analysis platform Santiment. Analyst Brian Quinlivan noted that market participants are becoming anxious, looking for entry points now that prices have cooled. Santiment cautioned that such chatter should not be viewed as a definitive bottom signal; a real market floor typically aligns with widespread fear and reluctance to buy. With the total crypto market cap at $3.79 trillion, Bitcoin's recent low of $108,748 marks about a 5% decrease since reaching a peak of $124,128 on August 14. The Crypto Fear & Greed Index recently fell into the 'Fear' zone, suggesting a lack of confidence among traders. Speculations of an impending altcoin season are gaining traction as some traders highlight the extreme oversold nature of altcoins compared to past market crashes. Potential upcoming market influences include a possible Federal Reserve rate cut and anticipated altcoin ETF approvals, which could bolster investor confidence in riskier assets.

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