Bitcoin's price fell to $95.5K, leading to increased dip-buying discussions in crypto communities.
Data shows dip-buying sentiment is at an 8-month high, similar to the levels seen during the major market crash in August.
Despite Bitcoin's recent all-time high, average wallet returns have dropped to -1.9%, indicating traders bought during the peak and are now facing losses.
$9.4 billion worth of Bitcoin has left exchanges in 2024, mainly due to the success of U.S. Bitcoin ETFs.
Bitcoin spot ETFs experienced their largest single-day net outflow ever, totaling $680 million on December 19.