The growing number of “Buy The Dip” calls on social networks after the 5% bitcoin drop in last week could point out more in advance for the crypto market, said healthy.
“Obviously, overall, on the markets, people become printed and try to find entry points now that prices have cooled a little,” said Santiment analyst Brianvan on Saturday in a video published on YouTube.
Santiment said that in a separate report published on the same day as the social media mentions to “buy the decline” increased considerably in the middle of the slowdown in the cryptography market, which can be a sign of warning for the market.
“Do not interpret” buy the decline “as a definitive background signal. A real soil of the market often coincides with general fear and a lack of interest in purchase, ”said Santiment.
“A real background is often formed when the crowd loses hope and is afraid to buy,” added Santiment.
The feeling is recovered as traders anticipate the Altcoin season
The total market capitalization of the crypto is 3.79 billions of dollars at the time of publication, down approximately 6.18% in the last seven days, according to CoinmarketCap.
Meanwhile, Bitcoin (BTC) is negotiated at $ 108,748 at the time of publication, down approximately 5% over the same period. On August 14, Bitcoin reached a new summit of $ 124,128.
It often echoes cryptographic analysts that prices move in front of what retail merchants are waiting for, and history suggests that when more people think that the market has reached a background, it can actually report more.
The feeling of the market is slowly recovered, the Crypto Fear & Greed index dates back to a “neutral” score of 48 out of 100 Sunday, after plunging into “fear” at 39 out of 100 the day before.
Some traders speculate that the withdrawal of the cryptography market from recent bitcoin summits could be a sign that the long -awaited Altcoin season is approaching.
“Mega Alts-Season” can approach, explains Trader
Crypto Trader Ash Crypto stressed in a post X on the same day as “Altcoins are now the most occurred of all time”.
“Even during the cocvid crash, the collapse of the FTX or the pricing wars, they were not this superventing,” said the merchant, suggesting that this could be a sign of a “mega-season” similar to the great rallies of 2017 and 2021.
In relation: “ No Bitcoin question reached $ 1 million ” – Eric Trump at BTC Asia 2025
Thursday, the index of the Altcoin season of CoinmarketCap went from the “Bitcoin season” to “Altcoin season”, reaching a score of 60 out of 100 at the time of publication.
Meanwhile, Crypto AK47 merchant said that, with a “drop in the possible Fed rate and the approval of the ETF Altcoin this fall, the next rally could be enormous”.
CME’s Fedwatch tool shows that market players see 86.4% that the American federal reserve reduces interest rates for the first time this year in September, which is generally considered an optimistic signal for crypto, as investors are looking for higher yields in risky assets.
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