“Buy The Dip” Frenzy May Signal More Downside: Santiment

Bitcoin’s drop below $110K last week has ignited a surge in “buy the dip” chatter, but Santiment warns that may signal more downside ahead.

“Don’t interpret ‘buy the dip’ chatter as a definitive bottom signal,” it said in a report. “A true market floor often coincides with widespread fear and a lack of interest in buying.”

BTC slumped to a low of $107,350 last week, according to TradingView data, while the Crypto Fear and Greed Index plunged to a “Fear” score of 39, signaling widespread anxiety.

Daily chart for BTC/USDT (Source: TradingView)

BTC has since recovered slightly to trade at $108,583.22 as of 2:30 a.m. EST, but remains below the psychological $110K mark and more than 5% down over the last week.

The Crypto Fear and Greed index has also bounced back, climbing 9 points in the last 24 hours to a “Neutral” score of 48.

Investors Trying To Time The Market Now May Get Caught Off Guard

With prices starting to recover and sentiment improving, some analysts are calling the market bottom.

Speaking on a YouTube live stream, Santiment analyst Brian Quinlivan said that investors are “getting antsy and trying to find some entry spots now that prices have cooled down a bit.” 

It’s very clear.

It’s buy the dip season on $ETH as the bull on $ETH has just started. pic.twitter.com/ZYCqekk24X

— Michaël van de Poppe (@CryptoMichNL) August 30, 2025

Bitcoin Entering A Historically Bearish Month

Santiment’s warning comes as Bitcoin prepares to enter into what has historically been a bearish month for the crypto.

Data from Coinglass shows that Bitcoin tends to drop in September.

Bitcoin’s historical monthly performances (Source: Coinglass)

Since 2013, there have been just 4 instances where BTC posted a gain in September, with 2023 and 2024 being the two most recent occurrences. 

The biggest loss for September took place in 2014, when the crypto king shed more than 19% of its value, while the smallest was recorded the year before in 2013, when BTC only slid over 1%. 

Since then, losses have ranged from about 3% to as high as 13%. 

October is a more bullish month for the crypto, with only two instances since 2013 where BTC recorded a loss for this month. The most recent being back in 2018 when Bitcoin fell 3%.

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