Attention Those Who Want to Evaluate the Bitcoin Decline: This Data Should Be Checked!
Investors who want to evaluate the decline according to the latest data should not forget the community waiting for a recovery.
In a post published on Twitter on July 8, on-chain data and analysis platform Santiment stated that when the Bitcoin price fell below $ 60,000 and especially below $ 57,000, posts about "buying the dip" increased.
The chart included by Santiment in the post includes BTC/USD price and social volume and social dominance measurements of “buy the bottom” calls on social media. Santiment observed that market recoveries occur when average investors give up on cryptocurrencies:
Historically, most returns occur soon after the average investor gave up hope on crypto.
Historically, most returns occur right after the average investor gave up hope on crypto.
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