Posts related to 'low-price buying' on SNS reach the highest level in 7 months
"Market rebound occurs when investor interest disappears"
);)
On-Chain analysis platform Sentiment said through its official X account on the 28th that the interest of investors in low-price buying of Bitcoin (BTC) has increased due to the sharp drop in Bitcoin, and the current market may still be in a downward trend.
Sentiment said that posts mentioning 'low-price buying of Bitcoin' have been flooding on various SNS such as X, Reddit, and Telegram, and the interest of investors in buying Bitcoin has reached the highest level in 7 months.
Bitcoin has continued to decline this week due to the repeated declaration of trade wars by President Trump and the massive liquidation of the futures market, falling to $78,000 as of the 28th.
Sentiment pointed out that many investors are eyeing low-price buying of Bitcoin due to the sharp drop in Bitcoin, and this is not a signal of a rebound.
Sentiment said, "The ideal condition for a rebound is when the enthusiasm of the crowd subsides, which is the point where retail investors have suffered enough pain." It also said, "Refer to the bullish signal when optimism subsides in the market and buy orders decrease."
In fact, the long (bullish) betting rate in the Bitcoin futures market has exceeded 70% for 3 consecutive days due to the recent consecutive declines.
Sentiment emphasized that "it is not surprising that the price falls further when investors mention low-price buying."
Reporter Kwon Seung-won ksw@blockstreet.co.kr
