Time To 'Buy The Dip'? This Is What Crypto Traders Are Up To

At a time when cryptocurrencies including Bitcoin display high volatility, a section of traders seem planning to buy the dip. In the last one week alone, Bitcoin (BTC) showed a gap of 11.15% between weekly high and low price range. In this context, the last few weeks saw a lack of social activity around buying the dip. But recent data showed a huge spike in daily social dominance metric for ‘buy the dip’ mentions. The BTC market cap currently stands at $317 billion, compared with the monthly high of $431 billion.