Bitcoin Crowd Appears High on ‘Hopium’ as ‘Buy The Dip’ Trends

It may be a sign that bitcoin is yet to find a bottom. “Just look at the previous spikes in the buy the dip calls and you’ll notice that they’ve often come early (like back in April and May, respectively) and tend to be accompanied by another leg down before the crowd is finally proven right,” Santiment said in its market update on Wednesday.

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