Bitcoin Dip-Buy Calls Surge as Liquidity Data Points to $107K Support
Bitcoin (BTC) has seen a surge in “buy the dip” sentiment on social media, but technical and liquidity signals suggest further downside may be in play before the market stabilizes.
Over the past week, BTC has dropped more than 3% to $111,590, breaking below its 50- and 100-day simple moving averages (SMA). These key indicators have now flattened for the first time since April, signaling waning bullish momentum.
Mentions of “buy the dip” on platforms like Reddit, Telegram, and X (formerly Twitter) have reached their highest levels in nearly a month, according to Santiment. Historically, such spikes in retail optimism can serve as contrarian signals, indicating that further price weakness may precede a real buying opportunity.
“When retail traders crowd in expecting a dip, prices often need to decline further first,” Santiment noted. “Once optimism fades and sellers cut losses, that typically marks the prime dip-buying window.”
Liquidity Levels Highlight Potential Support
Order book analysis shows that the largest cluster of liquidity sits at $107,000. Concentrated buy and sell orders at this level could act as a magnet, potentially stabilizing BTC. Smaller liquidity pools are also forming around $109,000 and $111,000, providing additional near-term support zones.
While retail enthusiasm for dip buying remains strong, technical and liquidity data indicate BTC may continue its pullback toward these key levels before a sustained recovery.
