The ratio of mentions on social media of “buying the dip” ramped up as Bitcoin dropped below the six-figure price level, according to Santiment.
The proportion of social posts about buying the crypto dip has surged to its highest level since April, as Bitcoin fell below the psychological $100,000 price level, according to recent data.
“With Bitcoin falling as low as $95.5K today, the ratio of crypto discussions that are about buying crypto’s dip has reached its highest level in over 8 months,” crypto analysis firm Santiment said in a Dec. 19 X post.
The social dominance score — mentions of “buying the dip” across social media platforms — hit 0.061 on Dec. 19, as Bitcoin (BTC) had remained below $100,000 for about 12 hours at the time of publication.
