Santiment: buy the dips sentiment has reached a new high since July last year, but it is recommended to buy the dips after the sentiment subsides.
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Odaily reported that according to Santiment's analysis, the discussion about "buy the dips" in cryptocurrencies on social media surged from February 25 to 26, reaching a new high since last July. Especially after the price of Bitcoin fell below $80,000, investor confidence was high. However, Santiment warned that this surge in interest does not necessarily mean the market bottom has been reached, but rather may indicate that the market trend is contrary to expectations. Santiment suggested that investors should wait for the market sentiment to cool down, as the real "buy the dips" opportunity will appear when the market sentiment subsides. Meanwhile, Google Trends data showed that the search volume related to "buy the dips" reached its peak on February 26 and has since declined. (Cointelegraph)
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