Rising ‘Buy the Dip’ Chatter Sparks Caution in Bitcoin Market

The surge in “buy the dip” calls across social media following the recent pullback in Bitcoin price may not signal a market bottom but rather more potential downside, according to sentiment analytics platform ￰0￱ warning comes as Bitcoin fell around 5% over the past week, sparking renewed debate among traders about whether the correction is a buying opportunity or a precursor to deeper losses. “Clearly, overall, in the markets, people are getting antsy and trying to find some entry spots now that prices have cooled down a bit,” Santiment analyst Brian Quinlivan said in a video published ￰1￱ a separate report , the firm stressed that social media enthusiasm around dip-buying often contrasts with true bottoms, which typically form when fear dominates and buyers ￰2￱ Market Sentiment Remains Fragile At the time of writing, Bitcoin is trading at $108,748, down about 5% from the previous ￰3￱ total cryptocurrency market capitalization has slipped to $3.79 trillion, reflecting over 6% decline over seven ￰4￱ two weeks earlier, Bitcoin had set a new record high of $124,128 on August ￰5￱ the pullback, the broader mood among traders has begun to ￰6￱ Crypto Fear & Greed Index, which briefly dipped into “Fear” territory at 39 out of 100, rebounded on Sunday to a “Neutral” score of ￰7￱ caution, however, that market psychology often moves in the opposite direction of retail expectations.

Historically, strong consensus that a bottom has formed has often preceded further corrections rather than ￰8￱ Season Speculation Grows While some remain cautious, others see opportunity in the ￰9￱ trader Ash Crypto noted that altcoins are “the most oversold ever,” even more so than during the Covid crash, the FTX collapse, or earlier tariff war market ￰10￱ trader suggested this may set the stage for a “mega altseason,” akin to the explosive rallies seen in 2017 and ￰11￱ this view, CoinMarketCap’s Altcoin Season Index shifted last Thursday from “Bitcoin Season” to “Altcoin Season,” registering a score of 60 out of ￰12￱ trader, known as Ak47, argued that with a potential Federal Reserve rate cut in September and the possibility of altcoin ETF approvals, conditions are aligning for a significant ￰13￱ to CME’s FedWatch Tool, markets currently price in an 86.4% probability that the Fed will cut rates next month — a move often seen as bullish for risk assets like cryptocurrencies.