Saturday, August 9, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Nyan Cat Creator Calls Meme Coins ‘Wild West’, Claims $700K in Fees—But Denies Endorsement

    Nyan Cat Creator Calls Meme Coins ‘Wild West’, Claims $700K in Fees—But Denies Endorsement

    DeFi soars with tokenized stocks, but user activity shifts to NFTs: Report

    DeFi soars with tokenized stocks, but user activity shifts to NFTs: Report

    NFT market rebounds in July, surpassing DeFi in user activity

    NFT market rebounds in July, surpassing DeFi in user activity

    La Poste launches a new collection of NFT stamps

    La Poste launches a new collection of NFT stamps

    Telegram NFT Gifts Hit $49M in Sales with 322K Wallets Active

    Telegram NFT Gifts Hit $49M in Sales with 322K Wallets Active

    Bored Ape minter finally sells after 92% fall from peak

    Bored Ape minter finally sells after 92% fall from peak

    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    CryptoPunks and Pudgy Penguins Draw Major Sales

    CryptoPunks and Pudgy Penguins Draw Major Sales

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

  • Gaming
    How NFT Collectibles Bounced Back with Multi-Million Sales

    How NFT Collectibles Bounced Back with Multi-Million Sales

    NFT Market Movers: The Top Performing Collections in August 2025

    NFT Market Movers: The Top Performing Collections in August 2025

    CodexField and Salvo Unite to Tokenize Game Code

    CodexField and Salvo Unite to Tokenize Game Code

    VitaminAi and WildGo Partner to Unveil Web3 Pinball Game

    VitaminAi and WildGo Partner to Unveil Web3 Pinball Game

    Animoca Brands Partnership Unveils Revolutionary Web3 Gaming Future

    Animoca Brands Partnership Unveils Revolutionary Web3 Gaming Future

    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

    Shrapnel to Leave Avalanche in New Partnership with Gala Games

    Shrapnel to Leave Avalanche in New Partnership with Gala Games

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Blockchain Bookmakers: A New Era of Fair and Secure

    Blockchain Bookmakers: A New Era of Fair and Secure

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Crypto Arbitrage and How to Use It in Trading?

    What Is Crypto Arbitrage and How to Use It in Trading?

    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What Is Copy Trading in Crypto? A Beginner’s Guide

    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

    A Step-by-Step Guide for Risk-Takers

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    How It Works and What to Watch Out For

    How It Works and What to Watch Out For

    Crypto Risk Management Strategies for Trading (2025)

    Crypto Risk Management Strategies for Trading (2025)

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Nyan Cat Creator Calls Meme Coins ‘Wild West’, Claims $700K in Fees—But Denies Endorsement

    Nyan Cat Creator Calls Meme Coins ‘Wild West’, Claims $700K in Fees—But Denies Endorsement

    DeFi soars with tokenized stocks, but user activity shifts to NFTs: Report

    DeFi soars with tokenized stocks, but user activity shifts to NFTs: Report

    NFT market rebounds in July, surpassing DeFi in user activity

    NFT market rebounds in July, surpassing DeFi in user activity

    La Poste launches a new collection of NFT stamps

    La Poste launches a new collection of NFT stamps

    Telegram NFT Gifts Hit $49M in Sales with 322K Wallets Active

    Telegram NFT Gifts Hit $49M in Sales with 322K Wallets Active

    Bored Ape minter finally sells after 92% fall from peak

    Bored Ape minter finally sells after 92% fall from peak

    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    CryptoPunks and Pudgy Penguins Draw Major Sales

    CryptoPunks and Pudgy Penguins Draw Major Sales

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

  • Gaming
    How NFT Collectibles Bounced Back with Multi-Million Sales

    How NFT Collectibles Bounced Back with Multi-Million Sales

    NFT Market Movers: The Top Performing Collections in August 2025

    NFT Market Movers: The Top Performing Collections in August 2025

    CodexField and Salvo Unite to Tokenize Game Code

    CodexField and Salvo Unite to Tokenize Game Code

    VitaminAi and WildGo Partner to Unveil Web3 Pinball Game

    VitaminAi and WildGo Partner to Unveil Web3 Pinball Game

    Animoca Brands Partnership Unveils Revolutionary Web3 Gaming Future

    Animoca Brands Partnership Unveils Revolutionary Web3 Gaming Future

    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

    Shrapnel to Leave Avalanche in New Partnership with Gala Games

    Shrapnel to Leave Avalanche in New Partnership with Gala Games

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Blockchain Bookmakers: A New Era of Fair and Secure

    Blockchain Bookmakers: A New Era of Fair and Secure

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Crypto Arbitrage and How to Use It in Trading?

    What Is Crypto Arbitrage and How to Use It in Trading?

    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What Is Copy Trading in Crypto? A Beginner’s Guide

    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

    A Step-by-Step Guide for Risk-Takers

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    How It Works and What to Watch Out For

    How It Works and What to Watch Out For

    Crypto Risk Management Strategies for Trading (2025)

    Crypto Risk Management Strategies for Trading (2025)

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Bitcoin

Bitcoin: ‘Buy the dip’ frenzy sweeps market following BTC’s crash

July 5, 2024
in Bitcoin
28
Bitcoin: ‘Buy the dip’ frenzy sweeps market following BTC’s crash
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • Social media was agog with “buy the dip” calls, signaling market confidence in a rebound.
  • While the Fear and Greed Index suggested an accumulation phase, on-chain data showed that BTC risks a further fall.

Calls for market participants to buy the dip increased on 3rd July after Bitcoin [BTC] slipped below $60,000. However, the coin was not the only one that dropped as it dragged almost every other cryptocurrency with it, including Ethereum [ETH].

At press time, BTC changed hands at $57,598. This represents a 4.88% decrease in the last 24 hours. Despite the fall, it seemed that a larger part of the market thinks the correction is an opportunity to buy at discount prices.

Santiment, the on-chain analytic platform, showed evidence of this. Using its social volume metric, AMBCrypto noticed that the “buy the dip” mentions have spread like wild fire.

Bitcoin buy the dip

Source: Santiment

Is the fear enough for a bounce?

However, it is not every time that calls like this yield result. Specifically, a bounce occurs when a large part of the crypto market doubt that prices will increase.

Santiment, in its post on X, also agreed with this thesis, saying that,

“The crowd is showing signs of seeing this as a buy the dip opportunity. Ideally, we wait for their enthusiasm to settle down. The time to buy is when they are impatient and skeptical.”

To have an idea if the broader market is skeptical or confident, we examined the crypto fear and greed index. The Fear and Greed Index for Bitcoin and other cryptocurrencies measures the emotional behavior and sentiment of participants.

The value ranges from 0 to 100. Typically, people tend to be fearful when the market is undergoing a correction and prices and hitting new red numbers. However, greed appears when prices are rising in incredible figures and people do not want to miss out on the opportunity.

However, if the index is in extreme greed stage, it means that Bitcoin and the broader market might be due for a correction. But in an extreme fear state, the market offers a “buy the dip” opportunity.

See also  DCG’s Bitcoin Mining Subsidiary To Stop Offering Free Services

At press time, the Fear and Greed Index was 44, meaning the market was in fear. At this stage, it could be time to slowly accumulate. But that does not imply that price would not hit new lows.

Fear in the market to buy the dip

Source: Alternative.me

If they do, then the market would move into extreme fear which could serve as the perfect buy the dip chance.

Bitcoin continues to face pressure

In the meantime, blockchain analytics platform IntoTheBlock revealed that Bitcoin had breached a critical demand zone at $60,000. As such, the next major demand level was between $40,000 and $50,000. It said,

“Bitcoin has breached its $60,000 support level, a critical demand zone. This move leaves over 16% of BTC holders in a loss position. Historically, demand just below $60k has been weak, suggesting further downward pressure. The next significant demand zone lies between $40,000 and $50,000.”

Should Bitcoin continue to fall as probably drop below $56,000, it might slip to the aforementioned region, and this could leave a ton holders in loss. To avoid such occurrence, bulls have to defend BTC from falling under $55,000.

But that could be difficult to achieve as institutions continue to sell BTC.


Read Bitcoin’s [BTC] Price Prediction 2024-25


For instance,  Lookonchain disclosed that the German government has sent a combined $249.50 million worth of Bitcoin to Coinbase, Kraken, and Bitstamp.

When things like this occurs, the coin faces selling pressure and price might not be able to rebound. Therefore, market participants might have no option that to continue to buy the dip until prices stabilize.

Next: Why Justin Sun’s offer to ‘buy all Bitcoin’ will not help BTC at all, right now

READ ALSO

Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

  • Social media was agog with “buy the dip” calls, signaling market confidence in a rebound.
  • While the Fear and Greed Index suggested an accumulation phase, on-chain data showed that BTC risks a further fall.

Calls for market participants to buy the dip increased on 3rd July after Bitcoin [BTC] slipped below $60,000. However, the coin was not the only one that dropped as it dragged almost every other cryptocurrency with it, including Ethereum [ETH].

See also  Bitcoin: Are US stocks a better choice than BTC in Q3? Analysts say...

At press time, BTC changed hands at $57,598. This represents a 4.88% decrease in the last 24 hours. Despite the fall, it seemed that a larger part of the market thinks the correction is an opportunity to buy at discount prices.

Santiment, the on-chain analytic platform, showed evidence of this. Using its social volume metric, AMBCrypto noticed that the “buy the dip” mentions have spread like wild fire.

Bitcoin buy the dip

Source: Santiment

Is the fear enough for a bounce?

However, it is not every time that calls like this yield result. Specifically, a bounce occurs when a large part of the crypto market doubt that prices will increase.

Santiment, in its post on X, also agreed with this thesis, saying that,

“The crowd is showing signs of seeing this as a buy the dip opportunity. Ideally, we wait for their enthusiasm to settle down. The time to buy is when they are impatient and skeptical.”

To have an idea if the broader market is skeptical or confident, we examined the crypto fear and greed index. The Fear and Greed Index for Bitcoin and other cryptocurrencies measures the emotional behavior and sentiment of participants.

The value ranges from 0 to 100. Typically, people tend to be fearful when the market is undergoing a correction and prices and hitting new red numbers. However, greed appears when prices are rising in incredible figures and people do not want to miss out on the opportunity.

However, if the index is in extreme greed stage, it means that Bitcoin and the broader market might be due for a correction. But in an extreme fear state, the market offers a “buy the dip” opportunity.

See also  Analyst Predicts An "Ultra Bull" Scenario For Bitcoin That Could Send Price To $80,000

At press time, the Fear and Greed Index was 44, meaning the market was in fear. At this stage, it could be time to slowly accumulate. But that does not imply that price would not hit new lows.

Fear in the market to buy the dip

Source: Alternative.me

If they do, then the market would move into extreme fear which could serve as the perfect buy the dip chance.

Bitcoin continues to face pressure

In the meantime, blockchain analytics platform IntoTheBlock revealed that Bitcoin had breached a critical demand zone at $60,000. As such, the next major demand level was between $40,000 and $50,000. It said,

“Bitcoin has breached its $60,000 support level, a critical demand zone. This move leaves over 16% of BTC holders in a loss position. Historically, demand just below $60k has been weak, suggesting further downward pressure. The next significant demand zone lies between $40,000 and $50,000.”

Should Bitcoin continue to fall as probably drop below $56,000, it might slip to the aforementioned region, and this could leave a ton holders in loss. To avoid such occurrence, bulls have to defend BTC from falling under $55,000.

But that could be difficult to achieve as institutions continue to sell BTC.


Read Bitcoin’s [BTC] Price Prediction 2024-25


For instance,  Lookonchain disclosed that the German government has sent a combined $249.50 million worth of Bitcoin to Coinbase, Kraken, and Bitstamp.

When things like this occurs, the coin faces selling pressure and price might not be able to rebound. Therefore, market participants might have no option that to continue to buy the dip until prices stabilize.

Next: Why Justin Sun’s offer to ‘buy all Bitcoin’ will not help BTC at all, right now
Tags: BitcoinBTCsbuyCrashDipfrenzymarketsweeps

Related Posts

Bitcoin must pass $63.2k soon, for THIS vital reason
Bitcoin

Bitcoin nears $91K as buying pressure soars, but challenges emerge

November 17, 2024
Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice
Bitcoin

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

November 17, 2024
FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet
Bitcoin

FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet

November 17, 2024
Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K
Bitcoin

Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K

November 16, 2024
Will miner selling pressure be Bitcoin’s hurdle to $100K?
Bitcoin

Will miner selling pressure be Bitcoin’s hurdle to $100K?

November 16, 2024
Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…
Bitcoin

Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…

November 16, 2024
Next Post
Linkd Academy releases JavaScript SDK for the Neo Name Service

Linkd Academy releases JavaScript SDK for the Neo Name Service

Comments 28

  1. 53u04 says:
    2 months ago

    clomiphene order buy generic clomiphene price where can i buy clomid without prescription can i purchase clomiphene prices where to get clomiphene without prescription can you buy cheap clomiphene prices clomid sale

    Reply
  2. cheapest cialis world says:
    2 months ago

    The thoroughness in this piece is noteworthy.

    Reply
  3. can i take tylenol with flagyl says:
    2 months ago

    Thanks recompense sharing. It’s top quality.

    Reply
  4. hfmnk says:
    2 months ago

    buy generic azithromycin online – order sumycin 500mg generic buy metronidazole 400mg pill

    Reply
  5. 6ybqe says:
    2 months ago

    order rybelsus 14 mg – buy cheap semaglutide buy periactin generic

    Reply
  6. v8qdd says:
    2 months ago

    purchase motilium generic – brand cyclobenzaprine cyclobenzaprine 15mg tablet

    Reply
  7. o8buh says:
    2 months ago

    inderal cheap – buy generic inderal how to buy methotrexate

    Reply
  8. 6cp7v says:
    2 months ago

    cheap amoxil generic – valsartan 80mg us buy generic combivent

    Reply
  9. tqs9a says:
    2 months ago

    zithromax sale – tinidazole online nebivolol 5mg price

    Reply
  10. haj0l says:
    2 months ago

    purchase amoxiclav generic – https://atbioinfo.com/ buy acillin

    Reply
  11. xhdbm says:
    1 month ago

    order esomeprazole online – anexa mate buy nexium generic

    Reply
  12. srkmg says:
    1 month ago

    buy mobic tablets – https://moboxsin.com/ buy mobic 7.5mg pill

    Reply
  13. tv2nb says:
    1 month ago

    deltasone sale – aprep lson prednisone 40mg canada

    Reply
  14. wfavf says:
    1 month ago

    best drug for ed – site best ed drug

    Reply
  15. tq70s says:
    1 month ago

    amoxil canada – buy amoxil medication buy amoxil tablets

    Reply
  16. yb9r2 says:
    1 month ago

    buy cheap generic fluconazole – https://gpdifluca.com/ generic fluconazole

    Reply
  17. ovxpy says:
    4 weeks ago

    cenforce pill – https://cenforcers.com/# buy cenforce 100mg pills

    Reply
  18. xcxxv says:
    4 weeks ago

    what to do when cialis stops working – https://ciltadgn.com/ is there a generic cialis available?

    Reply
  19. o9yzt says:
    4 weeks ago

    cialis how to use – strong tadafl cialis samples

    Reply
  20. Connielet says:
    4 weeks ago

    buy zantac 150mg sale – https://aranitidine.com/ zantac 150mg oral

    Reply
  21. a45ol says:
    3 weeks ago

    buy viagra real – viagra sale pakistan sildenafil genfar 50mg

    Reply
  22. Connielet says:
    3 weeks ago

    This is the big-hearted of writing I in fact appreciate. sitio web

    Reply
  23. c9shd says:
    3 weeks ago

    With thanks. Loads of erudition! order neurontin 100mg

    Reply
  24. Connielet says:
    3 weeks ago

    This is the stripe of serenity I get high on reading. https://ursxdol.com/azithromycin-pill-online/

    Reply
  25. gj1fg says:
    3 weeks ago

    Thanks for putting this up. It’s okay done. https://prohnrg.com/product/metoprolol-25-mg-tablets/

    Reply
  26. 4z5an says:
    2 weeks ago

    More posts like this would make the online space more useful. levitra achat en ligne

    Reply
  27. Connielet says:
    4 days ago

    Thanks on putting this up. It’s well done. https://ondactone.com/product/domperidone/

    Reply
  28. Connielet says:
    1 day ago

    This is the big-hearted of literature I truly appreciate.
    cheap ketorolac

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Ethereum Evening Star Could Mean Lights Out On Bull Run

Ethereum Evening Star Could Mean Lights Out On Bull Run

January 24, 2024
Coinbase’s Convertible, Core Combo Fight and Block’s Bitcoin Play

Coinbase’s Convertible, Core Combo Fight and Block’s Bitcoin Play

August 9, 2025
From Coin-Operated Machines to Token-Operated Gaming

From Coin-Operated Machines to Token-Operated Gaming

July 11, 2024
ChatGPT claims XRP will reach $10 in 2024 – Do the indicators agree?

ChatGPT claims XRP will reach $10 in 2024 – Do the indicators agree?

December 31, 2023

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • Nyan Cat Creator Calls Meme Coins ‘Wild West’, Claims $700K in Fees—But Denies Endorsement
  • Coinbase’s Convertible, Core Combo Fight and Block’s Bitcoin Play
  • CleanSpark confronts $185m tariff risk amid heightened US scrutiny of mining gear

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.