Mentions of 'buying the dip' surge on SNS…"Not the bottom yet"

As mentions of 'buying the dip' on social media services (SNS) increase, an analysis has been raised that the crypto market has not yet reached the bottom.

On the 31st (local time), Cointelegraph reported that Brian Quinlivan, a Santiment analyst, said, "Mentions of buying the dip for crypto assets on social media have surged," adding, "This is a sign that the market has not yet reached the bottom."

He continued, "A true bottom is formed when investors lose hope and are afraid to buy," and warned, "Investors should be cautious of further declines."