Crypto traders are showing peak confidence in buying the latest market dip, but Santiment data suggests this optimism may be a prelude to more price drops.
Santiment's analysis revealed a sharp increase in mentions of 'buying the dip' across platforms like X, Reddit, Telegram, and BitcoinTalk.
Experts caution that a real recovery may only begin when dip-buying sentiment cools down, indicating a true buying opportunity.
At the time of writing, the broader crypto market had experienced a significant decline in capitalization, with Bitcoin down 7.4% in the last 24 hours.