Cryptocurrency followers on social media started making bullish calls after Bitcoin’s decline yesterday.
According to the statement of Blockchain analysis platform Santiment, “Buy the Dip” posts on social media, to the highest level since March 25, 2022 output.
Bitcoin crashed yesterday as some claims were made that the SEC would reject all spot Bitcoin ETF applications. It had lost more than 10% of its value.
Santiment’s social media indicators are based on posts on Telegram, Reddit, X (Twitter) and 4Chan platforms.
Although these calls bullish impression Even though he gave it in the past produces the opposite results had been seen. Bitcoin price, this indicator after rising in previous years It continued its downward trend.