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Bitcoin’s drop beneath $110K final week has ignited a surge in “purchase the dip” chatter, however Santiment warns which will sign extra draw back forward.
“Don’t interpret ‘purchase the dip’ chatter as a definitive backside sign,” it mentioned in a report. “A real market ground usually coincides with widespread concern and a scarcity of curiosity in shopping for.”
BTC slumped to a low of $107,350 final week, in accordance with TradingView knowledge, whereas the Crypto Worry and Greed Index plunged to a “Worry” rating of 39, signaling widespread anxiousness.
Each day chart for BTC/USDT (Supply: TradingView)
BTC has since recovered barely to commerce at $108,583.22 as of two:30 a.m. EST, however stays beneath the psychological $110K mark and greater than 5% down during the last week.
The Crypto Worry and Greed index has additionally bounced again, climbing 9 factors within the final 24 hours to a “Impartial” rating of 48.
Buyers Attempting To Time The Market Now Might Get Caught Off Guard
With costs beginning to recuperate and sentiment enhancing, some analysts are calling the market backside.
Talking on a YouTube dwell stream, Santiment analyst Brian Quinlivan ssupport that buyers are “getting antsy and looking for some entry spots now that costs have cooled down a bit.”
It’s totally clear.
It is purchase the dip season on $ETH because the bull on $ETH has simply began. pic.twitter.com/ZYCqekk24X
— Michaël van de Poppe (@CryptoMichNL) August 30, 2025
Bitcoin Getting into A Traditionally Bearish Month
Santiment’s warning comes as Bitcoin prepares to enter into what has traditionally been a bearish month for the crypto.
Information from Coinglass reveals that Bitcoin tends to drop in September.
Bitcoin’s historic month-to-month performances (Supply: Coinglass)
Since 2013, there have been simply 4 situations the place BTC posted a acquire in September, with 2023 and 2024 being the 2 most up-to-date occurrences.
The most important loss for September happened in 2014, when the crypto king shed greater than 19% of its worth, whereas the smallest was recorded the yr earlier than in 2013, when BTC solely slid over 1%.
Since then, losses have ranged from about 3% to as excessive as 13%.
October is a extra bullish month for the crypto, with solely two situations since 2013 the place BTC recorded a loss for this month. The newest being again in 2018 when Bitcoin fell 3%.
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