
Jakarta, Pintu News â Social media users have recently been clamoring to buy Bitcoin when its price drops. However, according to a recent analysis from analytics firm Santiment, this phenomenon could be a bad sign for the Bitcoin (BTC) market going forward.

Santiment uses the âSocial Volumeâ indicator to measure the number of posts, messages or threads on social media platforms that mention a particular term. In this case, terms relating to âbuy the dipâ related to Bitcoin (BTC) spiked.
The graph presented shows that calls to buy Bitcoin (BTC) when the price drops have peaked in the last 25 days. This shows an increased interest among social media users to buy Bitcoin (BTC) during price drops. While this could be interpreted as an indication that a price recovery may be imminent, history shows that it is often the case that prices move against the expectations of the masses.
Also Read: 5 Key Points of Arthur Hayesâ Analysis: Bitcoin (BTC) Could Reach Rp56 Billion by 2028?

Santiment explains that prices tend to move against the expectations of the masses. While many people are optimistic and buy on price drops, this is often followed by further price drops. This suggests that there could be more âpainâ for the Bitcoin (BTC) market to deal with before it reaches a true bottom.
According to Santiment, a good time to buy is when market sentiment is completely negative, and people start selling their assets at a loss. This is often an indicator that a market bottom may be near.
In addition to Social Volume, Santiment also highlights the Binance Funding Rate as a gauge of market sentiment. Binance Funding Rate is a metric that records the periodic fees exchanged between derivatives traders on the largest crypto exchange by trading volume.
Fluctuations in these metrics can provide additional insight into trader behavior and market expectations. Currently, Bitcoin (BTC) is still struggling to recover from its decline, with the price continuing to hover around $112,700. This suggests that the market has yet to find enough momentum for a sustained recovery.

While there have been many calls to buy Bitcoin (BTC) during price drops, analysis from Santiment shows that this may not be the best time to invest. History has shown that markets often move against the expectations of the masses. Investors are advised to pay attention to various market indicators and not just follow trends that are popular on social media.
Also Read: Deutsche Bank Predictions About Bitcoin (BTC) Becoming Central Bank Reserves in 2030!
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*Disclaimer
This content aims to enrich readersâ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an assetâs past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.