Social Sentiment Signals Bitcoin Price Bottom Isn’t Here Yet
On-chain analytics firm Santiment warns that the Bitcoin price bottom may not yet be in, as “buy the dip” chatter spikes on social media. Historically, true bottoms arrive when social sentiment shifts from optimism to widespread fear. Currently, investors are still hunting entry points following the recent cooldown to ~$108,000. Santiment analyst Brian Quinlivan notes BTC’s detachment from the S&P 500 and predicts crypto assets could lag the stock market until “buy the dip” optimism fades.
The report highlights two key metrics for identifying a durable bottom: social dominance of bearish narratives and whale transfer activity. Wallets holding 10–10,000 BTC have not sold heavily through the dip, signaling underlying strength. However, any significant decrease in whale holdings could trigger “postponed price suppression.” Traders should monitor these indicators closely for signs of a genuine Bitcoin price bottom.
Bearish
Santiment’s analysis suggests the Bitcoin price bottom isn’t confirmed despite recent dips, as social sentiment remains overly optimistic. Historically, major bottoms coincide with pervasive market fear rather than “buy the dip” optimism. The lack of significant whale selling indicates latent strength, but a sudden drop in whale holdings could trigger further sell-off. In the short term, traders may face continued downside pressure until social narratives shift. Long term, a true bottom could form once bearish sentiment peaks, potentially leading to a rebound. This pattern mirrors past cycles, such as late-2018, when fear-driven bottoms preceded strong recoveries.