Short-term social media data suggests traders aren’t calling to buy during the (BTC) dip at the moment… but the long-term picture is much brighter; separate research shows that 77% of family offices in the US are interested in or have invested in cryptocurrencies.
BTFD data was compiled from posts mentioning “shopping during the fall” on social media platforms including Twitter (NYSE:), Reddit, Discord, and Telegram by KJ Lanaul and posted on the Insights Santiment blog earlier this week. week. It also tells a positive story, indirectly.
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Research indicated that in the past year, many traders have called to buy the dip too soon in a downtrend, and the price often falls much further afterwards and does not recover for months.
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