Bitcoin Bottom: Waiting for the Dip, But Who’s Buying? 🤔

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So, you thought Bitcoin had hit rock bottom? Think again. Santiment, the genius analytics platform that probably knows more about Bitcoin than your ex knows about your feelings, just weighed in on the latest Bitcoin price dip. It’s down to the $108,000 range (as if that’s not enough to give us all a heart attack). And guess what? The social sentiment says there’s a good chance it’s not over. Surprise! 🎉

Bitcoin Price: Bottom? Not So Fast, My Friend

Santiment’s latest research suggests that we’re not exactly at the bottom of the Bitcoin price rollercoaster just yet. In fact, they pointed to a surge in the oh-so-familiar “buy the dip” chatter, which, as we all know, is often the signal that the dip’s not really here. Real bottoms, according to Santiment, aren’t defined by price but by a cultural shift in the social narrative. Translation: when everyone stops pretending this is a good time to buy and starts panicking instead. A thrilling thought, right? 😬

But hold your horses, folks. Santiment’s Brian Quinlivan-who sounds like a guy who’s probably seen a few market crashes-warned that Bitcoin might rebound when everyone’s feeling a little too bearish. As of now, however, market participants are still in that awkward “not sure what to do with their lives” phase, nervously poking around for good entry points. (Spoiler: not yet.)

According to Quinlivan, the Bitcoin price drop hasn’t been big enough to call it a real “cooldown.” It’s more like a light sprinkle on an already wet market. Oh, and he thinks BTC might start playing catch-up with the stock market once people stop daydreaming about the dip they think they’re buying. In reality, true “buy the dip” moments only happen when no one believes in them. So, stay tuned. 🙄

Santiment also points out that the social narrative shift from “buy the dip” to “oh my god, I’m terrified” is probably more telling than the Bitcoin price itself. So, if you’re in the market, keep an eye on those tweets. If the mood changes from optimism to dread, you might just be looking at a real bottom. Or, you might just be on Twitter. Either way, the suspense is killing us. 😅

Another Metric to Keep an Eye On: The Whale Watch

If you’re still unsure about where the market’s going, Santiment’s got another trick up its sleeve: whale transfers. That’s right-BTC whales (the ones with 10 to 10,000 BTC) aren’t exactly unloading their stocks right now. They’re holding on tight like a toddler clutching their favorite toy. But when these whales start selling, well, that’s when things get a little… wobbly. 🚨

And Maksim, the guy from Santiment’s podcast who probably knows way more than us about Bitcoin, says that when these whales do start to dump their holdings, it could mean weeks of delayed price suppression. So, if you’re still following the big fish, keep your eyes peeled. A whale panic might just be your cue to run. 🐋

At the time of writing, Bitcoin’s price is sitting at around $107,800. Not the worst, not the best. But we’re all just trying to survive the ride at this point, right? 🙄

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2025-09-01 16:12