Ethereum (ETH) price has crashed over 11% dropping under $3,300 in the last 24 hours amid selloff by the Ethereum whale entities as well as the Ethereum Foundation. With ETH falling under the crucial support of $3,500 today, there have been heavy liquidations of long positions with analysts expecting the next support around $2,800. Ethereum Whales Selloff in Massive Quantity Amid the broader crypto market crash , Ethereum whale entities have resolved to major selloff leading to negative sentiment around the asset. Blockchain analytics platform Lookonchain reported that one whale deposited 22,746 ETH, worth $77.7 million, to Binance earlier today and withdrew stablecoins in order to repay the debts on Aave and Spark. Over the last two days, this same whale has deposited a total of 31,968 ETH, valued at $122.3 million, into Binance. In another instance, a separate whale transferred 49,910 ETH, worth $170 million, to Binance in the past eight hours and subsequently withdrew $137.8 million in stablecoins. Source: Lookonchain Thus, the ongoing turbulence in the crypto market has triggered large-scale liquidations in Ethereum with investors forced to pay their debts. Following the rejection at $4,000, the ETH price has corrected more than 17.5% as of the current price. Just two days before when ETH was trading at $4,000, the Ethereum Foundation sold off another 100 ETH from its holdings. This shows a strategic sale by the Foundation at the top. Data shows that over the past year, the Ethereum Foundation has executed 32 trades, selling a total of 4,466 ETH worth approximately $12.6 million. Notably, 15 of these trades were conducted at or near market peaks, as per the data from Arkham Intelligence . Apart from Ethereum whale selloff, the spot Ethereum ETFs saw $60 million in outflows on Thursday after several days of consecutive inflows. Grayscale’s ETHE contributed to a majority of the outflows at $58 million. Will ETH Price Crash to $2,800 Again? Crypto market analysts have turned bearish on Ethereum expecting the ETH price to drop $2,800 and a bit below for re-accumulation. Popular crypto analyst Caleb Franzen shared an inverse head-and-shoulders pattern for Ethereum showing that it’s on a downward trajectory to hit another low of $3,000, and could bounce off from there to $4,000 levels. “Now that we’re getting rejected at the YTD highs, all I see is the opportunity to produce the final phase of the inverse head & shoulders setup,” he noted. Source: Caleb Franzen This year in 2024, Ethereum has largely underperformed other altcoins testing investors’ patience. However, the Ethereum bulls believe that once ETH crosses $4,100, the surge to an all-time high will be very fast. Popular crypto analyst Ted Pillows noted: “$4K seems like the new $1.4K for Ethereum. In the 2020-21 cycle, ETH got rejected from $1,400 several times before a successful breakout. Right now, the same thing is happening with the $4K level, but there’ll be a breakout soon. Once $ETH closes above $4.1K, a new ATH will happen in no time”. Despite Ethereum whale selloff, the Ethereum options data from Deribit shows that not everything is bad for ETH at the moment. A total of 173,000 ETH options expired recently, carrying a notional value of $590 million. The options featured a Put/Call ratio of 0.5, indicating a higher volume of bullish call positions compared to bearish puts. The max pain price—a level where most options lose value—is at $3,750, reflecting a key area of interest for traders and market participants. As of press time, the Ethereum price is trading 11.21% down at $3,264 levels with its market cap falling under $400 billion. As per the Coinglass data , the open interest dropped by 10.53% slipping under $25 billion. The 24-hour liquidation has also surged to $226 million of which $198 million is in long liquidation. The post Will Ethereum Whale Selloff Trigger ETH Price Crash Under $2,800? appeared first on CoinGape .
The altcoin market has exploded after Bitcoin (BTC) broke through its vital $100,000 level and set a new ATH of $107,780. As the world’s leading cryptocurrency continues to trade above this crucial level, altcoins are preparing to set record highs. BTC remains the undisputed leader of the crypto world and maintains its reputation as the most trusted digital asset. As the dominant store of value, BTC is the go-to choice for institutional investors, and spot BTC ETFs witness record inflows. Despite BTC reaching a new ATH of $107,780 yesterday, its dominance is declining, and investors are turning their attention to smaller assets, signalling the start of the altcoin season. Pauline Shangett, CMO of ChangeNOW , commented on the potential gains of the upcoming altcoin season: "Bitcoin's continued show of force in its ability to make these massive price gains sets the example of what is truly possible within the crypto space. As the alt season approaches, investors gain renewed confidence in the market and cements the belief that projects other than BTC can potentially witness similar gains." Let’s delve into some of the top altcoins to own as Bitcoin makes these historic gains. Dogecoin (DOGE) Dogecoin (DOGE) is the largest memecoin by market cap and is the 7th largest crypto with a market cap exceeding $59.13 billion. Elon Musk, the world’s richest man with a net worth exceeding $350 billion, is the CEO of Tesla, owner of social media platform X (formerly Twitter), and one of the president-elect’s most prominent supporters and has long endorsed Dogecoin . Musk recently joined the Trump campaign and was integral to Trump’s victory, and his involvement with the republican party could see DOGE run to new highs in the coming months. DOGE’s surge stepped into overdrive after Donald Trump released a statement revealing that Elon Musk and Vivek Ramaswamy will lead the Department of Government Efficiency, or DOGE. According to Trump, DOGE will pave the way for his administration to “dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditure, and restructure Federal Agencies – Essential to the “Save America” Movement.” DOGE is expected to surge after DeFi Technologies introduced Valour Dogecoin (DOGE) ETP on Sweden’s Spotlight Stock Market. The ETP will allow retail and institutional investors to gain exposure to DOGE without directly owning the asset. Ripple (XRP) Ripple’s XRP has gained massively over the past month and is now the fourth-largest crypto with a market capitalization exceeding $143 billion. Ripple (XRP) has witnessed a spectacular gain in value after news of Gary Gensler’s planned exit surfaced. Ripple Labs has been embroiled in a highly publicized legal battle with the securities agency for which Ripple paid a hefty price. In 2020, the regulator sued Ripple for its supposed breach of securities laws, resulting in many exchanges, such as Coinbase, Kraken, Bitstamp, and Gemini, choosing to delist XRP. Ripple finally found some relief after a partial victory in 2023 ended the SEC’s 3-year-long crusade against the company. The Southern District of New York Court delivered a partial victory to Ripple in its matter with the SEC after Judge Analisa Torres ruled that Ripple’s XRP token is “not necessarily a security on its face.” Ripple received some further bullish news after Chris Giancarlo, former chair of the CFTC, predicted the SEC would drop its case against the company. The price of XRP surged further after WisdomTree filed an S-1 application for a spot XRP ETF. Husky Inu (HINU) As BTC continues to trade around the $106,800 level and top altcoins reach new heights, investors must look for well-priced alternative investment opportunities to profit from the bull run, and Husky Inu is precisely that. Husky Inu (HINU) is one of the newest members of the Solana network, created to bring its holders more value and utility by harnessing the power of this popular blockchain. Husky Inu recently launched the presale of its native token, HINU , with tremendous success, and the two are on a mission to conquer the memecoin industry through a robust and supportive community with innovative features and enhanced rewards. Since going live, the presale has generated over $622,000, completing its third presale round. Husky Inu is working on some exciting things, including an Earn App and a Decentralized Exchange. The Earn App will reward users with HINU tokens for engaging with the project, and the Decentralized Exchange will facilitate decentralized trading to improve utility and value for HINU holders. Husky Inu boasts several unique features that set it apart from traditional investment opportunities, including a capped token supply, a deflationary mechanism, speedy transactions, and charity voting. Husky Inu’s presale success sets the tone for immense gains and is expected to skyrocket following exchange listings. HINU presale tokens are available at a modest $0.00015000 with exceptional profit potential for early backers. Visit the following links for more information on Husky Inu: Website: Husky Inu Official Website Twitter: Husky Inu Twitter Telegram: Husky Inu Telegram Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
The post Binance Founder CZ Announce Europe’s Largest Company Listed BNB On Its Platform appeared first on Coinpedia Fintech News Binance founder CZ has announced that Revolut, Europe’s largest unicorn company, has listed BNB on its platform. With a global user base of 40 million, including one-third from the UK, Revolut is a key player in digital banking and cryptocurrency trading. This move significantly boosts BNB’s exposure, as Revolut’s services span foreign exchange, cross-border payments, international remittances, and more. The listing is seen as a huge milestone for both Revolut and Binance, marking a major step in the broader adoption of cryptocurrency. This partnership could open new doors for BNB in global markets, especially among Revolut’s extensive user base.
The cryptocurrency market has taken a severe beating today, with a staggering $310 billion wiped out in just 24 hours. Notably, the global market cap, which stood at $3.56 trillion, has plummeted to $3.25 trillion, marking a 7.90% decrease. Total crypto market cap. Source: CoinMarketCap The sudden downturn has rattled investors, signaling a wave of uncertainty that has left virtually no digital asset untouched. This steep decline has been exacerbated by the pullback in Bitcoin ( BTC ), which fell below the crucial $102,700 level and now trades at $94,805, a drop of 6.83% for the day. Bitcoin’s dominance, however, saw a slight uptick to 57.93%, reflecting its status as the anchor of the market during turbulent times. Pain extended to Ethereum ( ETH ), which tumbled 11.22% in the last 24 hours, slipping to $3,263 as the crash of the two biggest cryptocurrencies has had a cascading effect on the broader altcoin market. Indeed, every cryptocurrency in the top 100 by market cap is currently in the red, underscoring the widespread nature of the sell-off. DeFi and stablecoin volumes surge While the market cap declined, trading activity surged, with the 24-hour trading volume reaching $290.6 billion, representing a 10.90% increase. Of this, DeFi (Decentralized Finance) volumes accounted for $19.56 billion, or 6.73%of total market volume. Meanwhile, stablecoins like USDT, USDC, and DAI saw volumes climb to $271.51 billion, making up a hefty 93.43% of the total 24-hour trading volume, indicating that many traders are seeking refuge in stablecoins amidst the market chaos. Altcoins follow the big two The downturn in Bitcoin and Ethereum has deeply impacted altcoins, which rely heavily on sentiment in the broader market. Leading tokens like Solana ( SOL ), XRP , and Cardano (ADA) all saw significant losses, with double-digit percentage drops erasing recent gains. The sell-off highlights the high correlation between major cryptocurrencies and the altcoin market, reinforcing the dominance of BTC and ETH in shaping overall market sentiment. Crypto market outlook The sharp decline has left investors wondering whether this correction is a buying opportunity or a sign of deeper troubles ahead. Analysts point to macroeconomic uncertainties, regulatory concerns, and profit-taking after a recent bull run as potential drivers of the crash. However, with Bitcoin and Ethereum still trading well above their yearly lows, some believe the market could stabilize and rebound once the dust settles. The next few days will be crucial in determining whether this is a temporary setback or the start of a more prolonged downturn. Featured image via Shutterstock The post Crypto market crashes as $310 billion exits total market cap appeared first on Finbold .
The European Union is stumbling in its attempt to regulate the crypto market while Trump’s America accelerates ahead. With the EU’s Markets in Cryptoassets (MiCA) regulation set to take full effect by year-end, the bloc has already reshaped its own market. Just perhaps not necessarily for the better. Exchanges have started delisting Tether’s USDT (the most-used stablecoin worldwide) creating massive disruptions for traders. MiCA was supposedly designed to increase transparency and curb crimes like money laundering, and it has triggered criticism for its restrictive approach. Meanwhile, Trump’s incoming administration is sending bullish signals to crypto markets, pushing Bitcoin past $100,000 and igniting rallies in speculative tokens. The president, now a crypto lover, is assembling a team of advocates to oversee regulation. Howard Lutnick, CEO of Cantor Fitzgerald, is Trump’s pick to lead the Department of Commerce. Lutnick’s firm already helps custody Tether’s $85 billion in Treasury holdings, signaling a shift toward crypto-friendly policies. Paul Atkins is the pick to replace anti-crypto Gary Gensler as the chairman of the SEC. Atkins first invested in Bitcoin over a decade ago, making him one of the earliest believers. Stablecoin delistings disrupt EU markets The rules mandate that stablecoins listed on centralized exchanges must be issued by entities with e-money licenses. Without this license, exchanges have no choice but to drop USDT by the December 30 deadline. “I was quite surprised by that,” said OKX Europe CEO Erald Ghoos, whose company dumped USDT for USDC. This disruption is shaking up liquidity across European markets. USDT accounts for a vast majority of trading pairs globally, leaving traders facing higher costs and inefficiencies. MiCA’s intention to improve regulatory oversight comes with other strict conditions. Issuers must hold up to two-thirds of their reserves in independent banks and monitor all transactions for payment purposes. Circle, Tether’s competitor, secured an e-money license in July, but Tether has yet to follow suit. The company has not shared with the public whether it plans to apply, leaving its EU market presence uncertain. MiCA’s limitations and enforcement gaps Despite MiCA’s ambitions, critics say the regulation falls short of delivering its goals. Reports show USDT is the most-used stablecoin for criminal activities, including terrorism financing, particularly on the Tron blockchain. Earlier this year, UK authorities dismantled Russian networks using USDT to launder billions for oligarchs and spies. Responding to such cases, Tether partnered with Tron and TRM Labs to create a Financial Crime Unit to combat misuse. But MiCA alone won’t solve enforcement challenges. Local authorities lack the surveillance tools needed to track transactions effectively. Upgrading these capabilities will take time, leaving a gap that bad actors could exploit. Despite these challenges, crypto adoption in the EU has seen some growth. A European Central Bank report revealed that crypto ownership in the euro area has doubled to 9% since 2022. However, the ECB warned that the data might be skewed due to changes in survey methodology. The report still described adoption rates as “comparably low.” Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
The post Why Crypto Market is Down Today? Bitcoin below $95,000 appeared first on Coinpedia Fintech News Bitcoin has sent the community in shock by nose diving 11.25% in the past 3 days. It lost almost $12,000 from its value and is currently trading at $94,715 and the crypto market faced a $1.10 billion liquidation. This is a great time for bears while long traders are paying hefty prices. Let’s see what is happening and why crypto market is down today. El Salvador’s $1.4 B Loan El Salvador being the first country in the world to accept Bitcoin as a legal tender, has been receiving backlash from traditional institutions. The International Monetary Fund (IMF) has been warning the nation to change their Bitcoin policy. They have been urging El Salvadore to limit public sector exposure to the crypto however, the nation never listened. Now, there is a deal between the Bitcoin country and the IMF , a loan of $1.4 billion to support their economy. This still has to be approved however, there is a condition, they will have to bring amends to the Bitcoin policy. The country has accepted the proposal. Experts believe this was the major reason for the drop, however charts add more to the story. The Bitcoin Market Analysis BTC made a new all time high at $108,364 on December 17 and since then it has been falling. Coinmarketcap shows that the first crypto is down from its ATH by 12.74%. Currency BTC hovers around a daily support level but it would be very difficult to say if it is going to survive here. Source : Tradingview However the 4 hour chart says a different story. RSI has dropped below 30, suggesting we should soon see an uprising. This is the perfect moment for whales to refill their bags on discount. The most interesting thing lies in the daily chart. We are not going to talk about numbers here but just patterns. If you compare the movement of price with RSI movement, you will see it. Even though the price was moving up from $89k all the way to the new ATH, the RSI kept falling down. Source : Tradingview This diversion in their movements was giving the alert of this price drop. This should clear the doubts about why crypto market is down today. And as the price is coming down, soon it will balance with RSI and bounce back. The Damage? As Bitcoin leads the crypto market, its movements influence alts. With this crash, the crypto space lost around 9.31% of its market cap which is now at $3.21T. The trading activity is up by 13.77%because of the short traders. Source : Coinglass The figures say it all. In the last 24 hours, around 334k traders got liquidated and lost around $1.10 billion of funds. The biggest liquidation happened for the ETH/USDT pair with a value of $15.80 million. $929.16 million were lost to long trades as the market took a nosedive. What to Expect? The crypto market is full of surprises. The community is expecting Bitcoin to hold its fall and climb back. The market is waiting for big buys now. Whales tend to accumulate assets when the market dips. The current zone is the last remaining support, if the price falls more, it can go to $91,900 that has moving average 20 lying there. These are the times when traders are advised to stay extra aware of the market and protect their funds. Not every time is a good time for trading.
Binance founder Changpeng Zhao, also known as CZ, has recently lauded BNB’s listing on a major crypto exchange. Besides, his recent comment comes as BNB price has recorded a significant decline today amid a broader crypto market selloff. However, despite that, his recent confidence in the asset has further fueled optimism toward the crypto’s potential rally to $800 ahead. Binance Founder Changpeng Zhao Lauds Major BNB Listing In a recent X post, Binance founder Changpeng Zhao lauded the BNB listing on the Revolut exchange. Notably, this comment comes as the asset has faced a significant drop amid a broader crypto market crash . Yet, CZ’s comment has sparked optimism among investors towards the asset’s future trajectory. He stated, “Just learned: Revolut listed $BNB. Again, I didn’t know about it until a few minutes ago. The community is growing.” The listing signifies growing institutional acceptance of BNB, potentially setting the stage for its price recovery. One user commented that Binance now supports crypto purchases via Revolut Pay. Changpeng Zhao responded with surprise, stating, “Didn’t know that either,” showcasing the growing interconnectedness of financial platforms supporting Binance. This listing marks a critical step for BNB, emphasizing its utility and appeal. With Revolut’s global reach, the token could attract more investors, driving higher adoption rates and possibly boosting its price trajectory. Notably, Revolut Exchange is one of the leading exchanges in Europe, with around 40 million users globally. BNB Price To Hit $800? BNB price today was down more than 9% and exchanged hands at $638, while its trading volume soared 5% to $2.94 billion. On the other hand, the token’s Relative Strength Index (RSI) stood at 39, indicating a potential rally ahead for the asset. However, CoinGlass data showed that its future open interest slumped 5% amid a gloomy sentiment noted in the broader crypto market. Source: TradingView Meanwhile, amid the Binance’s founder’s optimism, a recent BNB price analysis indicates that the crypto is gearing up for a potential rally in the coming days. Notably, the analysis showed that once the crypto hits a critical level of $886, it could continue its upward run towards $1,036 next. This has further fueled optimism, amid Changpeng Zhao’s comment over the asset’s listing. Meanwhile, the market anticipates another rally for the broader market. Notably, the crypto market has recorded a robust run over the last few months, especially after Donald Trump’s election win. Despite the recent setbacks, experts remained confident about the long-term trajectory of the token, which could send the crypto to $800 in the coming days. The post Binance Founder Changpeng Zhao Lauds Major Listing, BNB Price To Hit $800? appeared first on CoinGape .
Henrik Zeberg expects Bitcoin to reach new highs soon. He warns of potential significant downturns after the peak. Continue Reading: Henrik Zeberg Predicts Bitcoin’s Rise Toward New Heights The post Henrik Zeberg Predicts Bitcoin’s Rise Toward New Heights appeared first on COINTURK NEWS .
Bithumb Temporarily Delays XRP Withdrawals Amid Surge in Requests ————— 💰Coin: XRP ( $XRP ) $2.12 ————— NFA.
Both funds will track Bitcoin (BTC) and Ethereum (ETH). Analysts believe this approval will pave the way for a broader wave of crypto ETFs in 2025, including funds for Litecoin (LTC) and Hedera (HBAR). Grayscale's Bitcoin ETF hit $1 billion in inflows earlier this week, which means the demand for ETFs are still strong before the year ends. Meanwhile, social media chatter about ”buying the dip” surged after Bitcoin's recent dip below $100,000. Hashdex and Franklin Templeton Get SEC Nod for Crypto Index ETFs The United States Securities and Exchange Commission (SEC) approved Hashdex’s Nasdaq Crypto Index U.S. ETF and Franklin Templeton’s Franklin Crypto Index ETF in a Dec. 19 notice. Hashdex’s ETF will be traded on the Nasdaq stock market, while Franklin Templeton’s ETF will be listed on the Cboe BZX Exchange. Both ETFs will include spot Bitcoin (BTC) and Ethereum (ETH). Hashdex’s Nasdaq Crypto Index U.S. ETF will track Bitcoin and Ethereum included in the Nasdaq Crypto U.S. Settlement Price Index. Meanwhile, the Franklin Crypto Index ETF will follow the Institutional Digital Asset Index, which is designed to measure the performance of key digital assets like BTC and ETH. The SEC’s approval was based on the similarities between these proposals and already approved spot Bitcoin and Ether products. The ETFs are also compliant with the Exchange Act's requirements to prevent fraudulent practices and protect investors. Nate Geraci , president of The ETF Store, suggested that this approval could inspire other firms, including BlackRock, to follow suit and introduce similar products. Geraci believes that financial advisers are likely to embrace these offerings because of their diversification potential, especially in the budding crypto ETF asset class. Franklin Templeton initially filed for its crypto index ETF in August, but the SEC delayed its decision in November. Hashdex submitted an amended ETF application in November after revising its proposal in October to address the SEC’s requirements. These two firms are not alone in their pursuit of crypto index ETFs. In November, NYSE Arca filed to list a Bitwise ETF holding Bitcoin and Ethereum, and in October, it shared plans to list a Grayscale crypto index ETF containing a broader range of digital assets. Bitcoin-Ether Funds to Kickstart 2025 ETF Boom These latest ETF approvals could open a lot of doors in the crypto industry. In fact, a whole new wave of crypto ETFs are anticipated to emerge in 2025, starting with funds tracking both Bitcoin and Ethereum. Bloomberg senior ETF analyst Eric Balchunas shared this forecast on Dec. 17, alongside insights from fellow analyst James Seyffart. They predict that this Bitcoin and Ethereum combo fund will pave the way for ETFs tracking other cryptocurrencies, like Litecoin (LTC) and Hedera (HBAR). The SEC has historically been cautious in approving crypto-related ETFs, and even recently rejected several proposals for Solana and XRP-focused funds. Seyffart believes that approval for these assets may only come under a new administration, specifically after President-elect Donald Trump’s SEC chair nominee assumes leadership. Trump announced plans to nominate Paul Atkins, a pro-crypto businessman and former SEC commissioner, as the agency’s next chair, which could signal a potential shift towards more crypto-friendly policies. Litecoin’s potential for approval stems from its close relationship with Bitcoin as a fork, which makes it a lot more likely to be classified as a commodity. Hedera benefits from not being labeled a security by the SEC, which simplifies the regulatory path for its inclusion in an exchange-traded product as well. On the other hand, XRP and Solana faced some setbacks due to their classification as securities. Despite the likelihood of approval for Litecoin and Hedera ETFs, analysts are still uncertain about the level of investor demand these products will attract. On the brightside, many people expect that Trump’s administration will encourage a much more supportive regulatory environment for digital assets. Grayscale’s Bitcoin ETF Hits $1 Billion in Inflows Some ETFs are already achieving impressive milestones before the year even comes to an end. Grayscale's Bitcoin ETF saw remarkable success in 2024 by pulling in over $1 billion in net inflows by Dec. 17. The Grayscale Bitcoin Mini Trust was launched as part of a spinoff in July that now manages more than $4 billion in assets. Alongside the Bitcoin Mini Trust, Grayscale introduced the Ethereum Mini Trust, separating these low-cost offerings from its older and more expensive funds, the Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE). The Mini Trusts also offer the most affordable management fees of just 0.15%. The introduction of low-cost ETFs intensified competition in the market, and even led to fee wars among issuers. Most of the newly launched spot crypto ETFs, including Grayscale’s, temporarily waived or discounted fees to attract investors. Spot Bitcoin ETFs were launched in January after extensive review by the SEC, and have become dominant players. In fact, U.S. spot BTC ETFs surpassed $100 billion in net assets for the first time in November. Grayscale also expanded its portfolio beyond just Bitcoin and Ethereum by managing a range of alternative cryptocurrency funds. In 2024, the asset manager introduced an investment fund for Aave’s governance token (AAVE) and launched trusts for Sky, Bittensor, and Sui protocol tokens. Grayscale also has plans to diversify its offerings, proven by its October filing with NYSE Arca to list the Grayscale Digital Large Cap Fund. This index ETF will hold a diversified portfolio of cryptocurrencies. With President-elect Donald Trump’s administration expected to adopt a much more crypto-friendly stance, the landscape for cryptocurrency ETFs is poised for some very impressive growth. Surge in ”Buy the Dip” Chatter Only time will tell if crypto prices will play along to help boost the 2025 ETF boom, especially after the lastest market dip. However, things may look up soon as the proportion of social media discussions about ”buying the dip” in crypto surged to its highest level in over eight months, which coincided with Bitcoin's fall below the critical $100,000 price level. According to data from crypto analytics firm Santiment , Bitcoin’s dip to $95,500 on Dec. 19 prompted the social dominance score for mentions of ”buying the dip” to hit 0.061, which was its highest point since April 12. At press time, BTC was trading hands at $95,182.49 after its price fell by more than 6% over the past 24 hours. Historically, similar spikes in the social dominance score have been associated with notable price drops. In April, Bitcoin fell from $70,000 to around $63,000, and in August, it slid below $60,000, nearing $53,000 within just a day. These events also aligned with increased mentions of ”buying the dip.” This suggests that investors and traders are very closely monitoring opportunities during market downturns. Search interest for cryptocurrency is also robust, though it has tapered off slightly since December’s start. Google Trends data indicates a global search score of 75 for “crypto” over the past seven days, down from 100 earlier in the month. In contrast, searches for ”buy the dip” surged to a score of 38, the highest since August 10. Search volume for ‘buy the dip’ (Source: Google Trends ) Charles Edwards, the founder of Capriole Fund, warned that market participants should prepare for heightened volatility. Edwards pointed out that bearish sentiment could intensify to a point where it triggers a short squeeze, causing prices to rebound sharply.