Social media platforms have been abuzz with the phrase “buy the dip” following Bitcoin’s recent price slide

According to blockchain analytics firm Santiment, mentions of the phrase reached the highest levels in 22 months, peaking at 323 mentions, the highest since March 25, 2022

The rise in “buy the dip” mentions on social media indicates initial trader optimism for a quick market recovery. This sentiment gained momentum after a flash crash in the crypto market on January 3, which prompted traders to recognize the potential opportunities presented by lower price levels