Santiment – “when the majority is (eagerly) looking for a bottom, there is none”

I’ll say that the best advice for anyone is to simply buy as much Bitcoin as you can afford when you can afford it – and hold onto it.  Anyways, this is an interesting piece from AMBCrypto on recent insights from Santiment

Bitcoin [BTC]: Whether it is the dip or the bottom, AUM stats say this

“The bears have finally decided to pause their chase and take some rest considering the latest movements in the crypto-market. Bitcoin, of late, has been able to get back its rhythm, with the crypto trading at $31,500 at press time.

However, the bear market has given us a lot to ponder about, especially with respect to investor behavior towards falls and dips.

Six months into the bear market and macro headwinds still continue to plague the crypto-market. This has had a profound effect on HODLers who are now “tired and exhausted.” They have continued to buy the wrong dips as the market plunged regularly until the Terra crash happened.

To study this, Santiment shared some insights into crowd behavior parallels between 2021 and 2022 using the Social Dominance metric.”

https://ambcrypto.com/bitcoin-btc-whether-it-is-the-dip-or-the-bottom-aum-stats-say-this/