Santiment: Retail investors are eyeing buying opportunities during this week's market rebound, a situation that usually signals greater downward pressure ahead.
On October 29, according to reports, crypto market analysis firm Santiment posted on social media that after a slight market correction on Tuesday, discussions among retail investors about "buying the dip" have surged significantly. However, historical data shows that when calls for "bottom fishing" are this high, the market often experiences a short-term minor rebound, but will subsequently face greater downward pressure. The truly ideal time to buy the dip is actually when the public generally does not expect a market rebound. When retail investors believe that the market has fully priced in the risks, they are often caught off guard by an even sharper decline. Only when their optimism (FOMO) completely turns into panic (FUD) does a real strong rebound quietly begin. For patient traders, this is the real signal to buy the dip.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
HumidiFi will launch its WET token through Jupiter's ICO platform.
Bank of America, Goldman Sachs, and JPMorgan Preview the Federal Reserve Meeting
KALSHI's October trading volume surpassed $4 billion, reaching a record high.
After the Federal Reserve announced its interest rate decision, spot gold once fell to $3,979.9 per ounce.
