Bitcoin’s (BTC) Dump Below $65K Fails to Fizzle Crowd Confidence: Santiment

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Bitcoin’s (BTC) Dump Below $65K Fails to Fizzle Crowd Confidence: Santiment
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The digital asset markets expanded substantially over the first quarter of 2024, catalyzed by an end to the decade-long effort to introduce spot Bitcoin ETFs in the US. While Q1 was a turning point in many ways, Q2 kicked off on a turbulent note.

In fact, Santiment’s historical data indicates that the best opportunities for buying during market dips occur when there’s a sense of uncertainty among investors about potential further declines. This sentiment shift typically sees smaller investors offloading their holdings, allowing larger entities like whales and sharks to capitalize on the market dip.

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