According to CoinTelegraph, social media mentions of 'buying the dip' have surged to an eight-month high as Bitcoin's price fell below the $100,000 mark. Data from Santiment reveals that the social dominance score for 'Buying the Dip' reached 0.061 on December 19, the highest since April. Bitcoin's price has been fluctuating around $100,000 over the past week, with significant liquidations occurring each time it dipped below this level. At the time of publication, Bitcoin is trading at $97,258. Meanwhile, global search interest for 'crypto' has decreased since early December, while 'buy the dip' searches have reached their highest level since August. Capriole Fund founder Charles Edwards noted potential market volatility, suggesting a possible short squeeze if bearish sentiment prevails.
Social Media 'Buy the Dip' Mentions Peak as Bitcoin Dips Below $100K
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