Surge in Bitcoin ‘Buy the Dip’ Orders, Yet Liquidity Signals Draw Toward $107K

Bitcoin ‘Buy the Dip’ Calls Rise Amid Liquidity Signals Targeting $107K

Bitcoin (BTC) has triggered a wave of “buy the dip” chatter on social media, but market data indicates the cryptocurrency could face further downside before stabilizing.

BTC has fallen more than 3% this week to $111,590, breaking through both the 50- and 100-day simple moving averages (SMA). These indicators have flattened for the first time since April, signaling fading bullish momentum and prompting caution among traders.

Social sentiment is notably bullish: mentions of “buy the dip” across Reddit, Telegram, and X (formerly Twitter) have reached a near one-month high, according to Santiment. Historically, surges in such sentiment can serve as a contrarian warning, suggesting that retail optimism may precede additional price weakness.

“When the crowd expects a dip-buying opportunity, further downside often occurs first,” Santiment noted. “Once optimism fades and losses prompt selling, that is typically the optimal entry for dip buyers.”

Key Liquidity Levels

Order book data points to potential support zones. Hyblock Capital highlights the largest liquidity cluster at $107,000, where concentrated buy and sell orders could act as a magnet for BTC. Additional, smaller liquidity pools are forming around $109,000 and $111,000.

These clusters can absorb supply and create self-reinforcing support, but the $107K level stands out as a major near-term reference point for price stabilization.

In summary, while retail sentiment pushes for dip buying, liquidity and technical indicators suggest BTC may test lower levels before mounting a sustained recovery.

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