BlockBeats News, September 24th, according to data tracking platform Santiment, the recent mention of “buying the dip” on social media has surged to the highest level in nearly a month, which is typically a typical signal of retail investor bullish sentiment. The platform monitors this mention volume by analyzing the frequency of key words on Reddit, Telegram, and X (formerly Twitter). Santiment believes that such a surge in mention volume is a contrarian indicator, indicating that the current pullback in BTC may intensify.
In its market analysis report, Santiment pointed out: “Price trends often contradict popular expectations. If retail investors believe $112,200 is a buying opportunity, the market may need to experience more turmoil. When the public stops being optimistic and starts to panic sell, that is the true opportunity to buy the dip.”
