Crypto ‘buy the dip’ calls are spiking, which may signal more downside

The cryptocurrency market is experiencing a surge in "buy the dip" calls on social media following a recent downturn. However, sentiment analysis platform Santiment suggests this increased chatter might be a contrarian indicator, potentially signaling further price declines rather than an immediate market bottom. This trend emerges as Bitcoin experienced a notable dip after reaching new highs, sparking debate among traders about the market's next move.