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  • 4 months ago
Bitcoin has dropped more than $10,000 from its July all-time high, sparking debate among traders about whether another rally is possible, according to Benzinga. Analytics firm Santiment noted the decline to $112,200 triggered the highest “buy the dip” chatter in 25 days, though heavy retail optimism has often preceded deeper losses in past cycles. The current -8.1% pullback is considered mild compared with typical corrections of -15% to -20%. Leverage data remains mixed, with shorts quickly flipping back to longs, muting rebound prospects. Analysts see dollar-cost averaging at $112,000 and lower levels as a cautious strategy to manage risk while preparing for a potential rebound.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Bitcoin has dropped more than $10,000 from its July all-time high,
00:07sparking debate among traders about whether another rally is possible, according to Benzinga.
00:13Analytics firm Soniment noted,
00:15The decline to $112,200 triggered the highest buy-the-dip chatter in 25 days,
00:21though heavy retail optimism has often preceded deeper losses in past cycles.
00:25The current negative 8.1% pullback is considered mild compared with typical corrections of negative 15% to negative 20%.
00:34Leverage data remains mixed, with shorts quickly flipping back to longs, muting rebound prospects.
00:41Analysts see dollar cost averaging at $112,000 in lower levels as a cautious strategy to manage risk while preparing for a potential rebound.
00:49For all things money, visit Benzinga.com.
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