Santiment: Mentions of "Buy the Dips" on social media have surged to the highest level in nearly a month, and this "contrary indicator" suggests that the current pullback may intensify.

On September 24, according to data tracking platform Santiment, the mention of "Buy the Dips" on social media has surged to the highest level in nearly a month, which is typically a sign of bullish sentiment among retail investors. The platform monitors this by analyzing the frequency of related keywords on Reddit, Telegram, and X (formerly Twitter). Santiment believes that such a surge in mentions is a contrarian indicator, suggesting that the current pullback of BTC may intensify. In its market analysis report, Santiment pointed out: "Price movement often contradicts public expectations. If retail investors believe that $112,200 is the buying opportunity, the market may need to endure more pain. The real opportunity to buy the dips comes when the public stops being optimistic and starts to Cut Loss."