{"id":520426,"date":"2023-02-21T15:30:16","date_gmt":"2023-02-21T15:30:16","guid":{"rendered":"https:\/\/uniquehot.com\/?p=520426"},"modified":"2024-06-11T07:10:07","modified_gmt":"2024-06-11T07:10:07","slug":"buy-the-dip-mentality-returning-bitcoin-metric","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/","title":{"rendered":"“Buy The Dip” Mentality Returning To Bitcoin? This Metric May Suggest So"},"content":{"rendered":"

Data from this on-chain metric is currently forming a pattern that can suggest the “buy the dip” mentality is returning to the Bitcoin market.<\/p>\n

Bitcoin aSOPR (7-Day EMA) Bounced Off The 1 Line Recently<\/h2>\n

As per the latest weekly report from Glassnode<\/a>, the aSOPR has retested the 1 line recently. The “Adjusted Spent Output Profit Ratio<\/a>” (aSOPR) is an indicator that measures the ratio between the profits and losses that are being realized in the Bitcoin market right now.<\/p>\n

The metric has “adjusted” in the name because it filters out all sales of tokens that took place only one hour after the last one. Making this adjustment helps remove noise from the data that wouldn’t have had any long-term consequences on the market.<\/p>\n

When the value of the indicator is greater than 1, it means the average investor is selling coins at a profit currently. On the other hand, values below the threshold suggest the overall market is realizing losses at the moment.<\/p>\n

Naturally, the aSOPR having a value exactly equal to 1 implies the holders are just breaking even on their selling right now as the profits being realized are exactly making up for the losses.<\/p>\n

Now, here is a chart that shows the trend in the 7-day exponential moving average (EMA) Bitcoin aSOPR over the past year:<\/p>\n

\"Bitcoin<\/p>\n

Looks like the 7-day EMA value of the metric has gone up in recent days | Source: Glassnode's The Week Onchain - Week 8, 2023<\/a><\/pre>\n
As shown in the above graph, the 7-day EMA Bitcoin aSOPR had been under the 1 level during the bear market<\/a>, but with the latest rally, the metric has successfully broken above the mark.<\/p>\n
This means that during the bear market lows, the investors had been selling at losses, but thanks to the latest price surge, they have entered into enough gains to be able to move coins at a profit.<\/p>\n
This makes sense, but the indicator holds even more interesting information that can be seen by its interactions with the line at which its value becomes 1. From the graph, it’s apparent that during the recent bearish period, the indicator was constantly finding rejection whenever it reached this mark.<\/p>\n
Related Reading: Bitcoin Bull Run Still Too Soon To Call, This Quant Cautions<\/a><\/div>\n
The reason behind this is that investors see this break-even level as getting the money “back” that they had previously lost due to bear market price plunges. Because of this, a lot of selling occurs here, thus leading to the price (and the metric itself) facing resistance.<\/p>\n
In bullish periods, however, this trend reverses and the line becomes a support level for Bitcoin instead. This psychological shift happens because in bull rallies<\/a> investors start seeing their break-even mark as a buying opportunity instead and thus a lot of buying takes place here, providing a boost to the price.<\/p>\n
With the latest rally, this shift seems to have already started to take place, as the 7-day EMA aSOPR has found support at this line during the last two retests, as is visible in the chart.<\/p>\n
Related Reading: XRP Whale Moves $19.7 Million Away From Binance, Bullish Sign?<\/a><\/div>\n
“Overall, this signals a reduction in sell-side pressure and a potential return of the ‘buy-the-dip’ mentality,” notes Glassnode. “A convincing SOPR retest and bounce from 1.0, especially on longer-term moving averages (14D or 30D, for example), is often a signal of a shifting market regime.”<\/p>\n
BTC Price<\/h2>\n
At the time of writing, Bitcoin is trading around $24,500, up 13% in the last seven days.<\/p>\n
\"Bitcoin<\/p>\n
BTC consolidates sideways | Source: BTCUSD on TradingView<\/a><\/pre>\n
Featured image from Jievani Weerasinghe on Unsplash.com, charts from TradingView.com, Glassnode.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Data from this on-chain metric is currently forming a pattern that can suggest the “buy the dip” mentality is returning to the Bitcoin market. Bitcoin aSOPR (7-Day EMA) Bounced Off The 1 Line Recently As per the latest weekly report from Glassnode, the aSOPR has retested the 1 line recently. The “Adjusted Spent Output Profit Ratio” (aSOPR) is an indicator that measures the ratio between the profits and losses that are being realized in the Bitcoin market right now. The metric has “adjusted” in the name because it filters out all sales of tokens that took place only one hour after the last one. Making this adjustment helps remove noise from the data that wouldn’t have had any long-term consequences on the market. When the value of the indicator is greater than 1, it means the average investor is selling coins at a profit currently. On the other hand, values below the threshold suggest the overall market is realizing losses at the moment. Naturally, the aSOPR having a value exactly equal to 1 implies the holders are just breaking even on their selling right now as the profits being realized are exactly making up for the losses. Now, here is a chart that shows the trend in the 7-day exponential moving average (EMA) Bitcoin aSOPR over the past year: Looks like the 7-day EMA value of the metric has gone up in recent days | Source: Glassnode’s The Week Onchain – Week 8, 2023 As shown in the above graph, the 7-day EMA Bitcoin aSOPR had been under the 1 level during the bear market, but with the latest rally, the metric has successfully broken above the mark. This means that during the bear market lows, the investors had been selling at losses, but thanks to the latest price surge, they have entered into enough gains to be able to move coins at a profit. This makes sense, but the indicator holds even more interesting information that can be seen by its interactions with the line at which its value becomes 1. From the graph, it’s apparent that during the recent bearish period, the indicator was constantly finding rejection whenever it reached this mark. Related Reading: Bitcoin Bull Run Still Too Soon To Call, This Quant Cautions The reason behind this is that investors see this break-even level as getting the money “back” that they had previously lost due to bear market price plunges. Because of this, a lot of selling occurs here, thus leading to the price (and the metric itself) facing resistance. In bullish periods, however, this trend reverses and the line becomes a support level for Bitcoin instead. This psychological shift happens because in bull rallies investors start seeing their break-even mark as a buying opportunity instead and thus a lot of buying takes place here, providing a boost to the price. With the latest rally, this shift seems to have already started to take place, as the 7-day EMA aSOPR has found support at this line during the last two retests, as is visible in the chart. Related Reading: XRP Whale Moves $19.7 Million Away From Binance, Bullish Sign? “Overall, this signals a reduction in sell-side pressure and a potential return of the ‘buy-the-dip’ mentality,” notes Glassnode. “A convincing SOPR retest and bounce from 1.0, especially on longer-term moving averages (14D or 30D, for example), is often a signal of a shifting market regime.” BTC Price At the time of writing, Bitcoin is trading around $24,500, up 13% in the last seven days. BTC consolidates sideways | Source: BTCUSD on TradingView Featured image from Jievani Weerasinghe on Unsplash.com, charts from TradingView.com, Glassnode.com<\/p>\n","protected":false},"author":542,"featured_media":520464,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,86574,87885,84782,84438,1119,1144],"class_list":["post-520426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-asopr","tag-bitcoin-buy-the-dip","tag-bitcoin-dip","tag-bitcoin-sopr","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\n"Buy The Dip" Mentality Returning To Bitcoin? This Metric May Suggest So<\/title>\n<meta name=\"description\" content=\"Data from this on-chain metric is currently forming a pattern that can suggest the "buy the dip" mentality is returning to the Bitcoin market. Bitcoin\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\""Buy The Dip" Mentality Returning To Bitcoin? This Metric May Suggest So\" \/>\n<meta property=\"og:description\" content=\"Data from this on-chain metric is currently forming a pattern that can suggest the "buy the dip" mentality is returning to the Bitcoin market. Bitcoin\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-21T15:30:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:10:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1570\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keshav Verma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/keshavvarma29\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Keshav Verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/\"},\"author\":{\"name\":\"Keshav Verma\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\"},\"headline\":\"“Buy The Dip” Mentality Returning To Bitcoin? This Metric May Suggest So\",\"datePublished\":\"2023-02-21T15:30:16+00:00\",\"dateModified\":\"2024-06-11T07:10:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/\"},\"wordCount\":580,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570\",\"keywords\":[\"bitcoin\",\"Bitcoin aSOPR\",\"Bitcoin Buy The Dip\",\"bitcoin dip\",\"Bitcoin SOPR\",\"btc\",\"btcusd\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/\",\"url\":\"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/\",\"name\":\"\\\"Buy The Dip\\\" Mentality Returning To Bitcoin? This Metric May Suggest So\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570\",\"datePublished\":\"2023-02-21T15:30:16+00:00\",\"dateModified\":\"2024-06-11T07:10:07+00:00\",\"description\":\"Data from this on-chain metric is currently forming a pattern that can suggest the \\\"buy the dip\\\" mentality is returning to the Bitcoin market. Bitcoin\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570\",\"width\":2560,\"height\":1570,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"“Buy The Dip” Mentality Returning To Bitcoin? This Metric May Suggest So\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\",\"name\":\"Keshav Verma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"caption\":\"Keshav Verma\"},\"description\":\"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/keshavverma29\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29\"],\"url\":\"https:\/\/uniquehot.com\/author\/hououinkyouma29\/\"}]}<\/script>\n","yoast_head_json":{"title":"\"Buy The Dip\" Mentality Returning To Bitcoin? This Metric May Suggest So","description":"Data from this on-chain metric is currently forming a pattern that can suggest the \"buy the dip\" mentality is returning to the Bitcoin market. Bitcoin","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/","og_locale":"en_US","og_type":"article","og_title":"\"Buy The Dip\" Mentality Returning To Bitcoin? This Metric May Suggest So","og_description":"Data from this on-chain metric is currently forming a pattern that can suggest the \"buy the dip\" mentality is returning to the Bitcoin market. Bitcoin","og_url":"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-02-21T15:30:16+00:00","article_modified_time":"2024-06-11T07:10:07+00:00","og_image":[{"width":2560,"height":1570,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570","type":"image\/jpeg"}],"author":"Keshav Verma","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/keshavvarma29","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Keshav Verma","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/"},"author":{"name":"Keshav Verma","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6"},"headline":"“Buy The Dip” Mentality Returning To Bitcoin? This Metric May Suggest So","datePublished":"2023-02-21T15:30:16+00:00","dateModified":"2024-06-11T07:10:07+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/"},"wordCount":580,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570","keywords":["bitcoin","Bitcoin aSOPR","Bitcoin Buy The Dip","bitcoin dip","Bitcoin SOPR","btc","btcusd"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/","url":"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/","name":"\"Buy The Dip\" Mentality Returning To Bitcoin? This Metric May Suggest So","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570","datePublished":"2023-02-21T15:30:16+00:00","dateModified":"2024-06-11T07:10:07+00:00","description":"Data from this on-chain metric is currently forming a pattern that can suggest the \"buy the dip\" mentality is returning to the Bitcoin market. Bitcoin","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570","width":2560,"height":1570,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"“Buy The Dip” Mentality Returning To Bitcoin? This Metric May Suggest So"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6","name":"Keshav Verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","caption":"Keshav Verma"},"description":"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/uniquehot.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"“Buy The Dip” Mentality Returning To Bitcoin? This Metric May Suggest So","url":"http:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/buy-the-dip-mentality-returning-bitcoin-metric\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin asopr","bitcoin buy the dip","bitcoin dip","bitcoin sopr","btc","btcusd"],"dateCreated":"2023-02-21T15:30:16Z","datePublished":"2023-02-21T15:30:16Z","dateModified":"2024-06-11T07:10:07Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"“Buy The Dip” Mentality Returning To Bitcoin? This Metric May Suggest So\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/buy-the-dip-mentality-returning-bitcoin-metric\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/buy-the-dip-mentality-returning-bitcoin-metric\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin asopr\",\"bitcoin buy the dip\",\"bitcoin dip\",\"bitcoin sopr\",\"btc\",\"btcusd\"],\"dateCreated\":\"2023-02-21T15:30:16Z\",\"datePublished\":\"2023-02-21T15:30:16Z\",\"dateModified\":\"2024-06-11T07:10:07Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/jievani-weerasinghe-NHRM1u4GD_A-unsplash-scaled.jpg?fit=2560%2C1570","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/520426"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=520426"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/520426\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/520464"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=520426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=520426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=520426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}