Interest in buying discounted crypto has reached its highest point since July 2024, driven by a recent market decline that pulled Bitcoin
$86,277.08
below $80,000.
Data from Santiment shows discussions about buying the dip across social platforms like X, Reddit, and Telegram between February 25 and 26. Many traders believe this is the right time to buy, according to the analytics firm.
The renewed excitement follows a series of price drops. On February 25, Bitcoin fell below $90,000, a day after the US announced a 25% tariff on Canada and Mexico.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
Is Cryptocurrency a Good Investment? (5 PROS & CONS!)
The decline continued, dipping below $80,000 on February 28 after additional tariff threats against China and economic concerns.
Despite the optimism, Santiment warns that high enthusiasm for dip buying does not always mean the market will bounce back immediately. The firm said:
Ideally, we are waiting for this crowd enthusiasm to die down as a signal that enough pain has hit retail traders to justify a bounce.
Santiment noted that retail traders rushing to buy dips may have contributed to further price drops, adding, “Look for the crowd becoming disinterested or despondent as a sign that the real dip buy opportunity has arrived”.
Meanwhile, Microsoft’s new quantum chip, Majorana 1, could accelerate the need to make Bitcoin more secure. How? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
