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Bitcoin Dip-Buy Calls Spike: Why This Could Actually Be Bearish

Bitcoin has seen “buy the dip” mentions spike on social media after the price crash, but Santiment warns this could be a contrarian signal. Social Media Users Are Calling To Buy The Bitcoin Dip In a new Insight post, analytics firm Santiment has talked about how the market has been reacting to the latest plunge in the Bitcoin price. “One of the first things we like to look for is a sign of retailers showing enthusiasm toward buying the dip,” notes Santiment. The indicator cited by the analytics firm is the “Social Volume,” which measures the total amount of posts/messages/threads appearing on the major social media platforms that make unique mentions of a given term or topic. Related Reading: Heres The Boundary Bitcoin Bulls Must Defend To Save Rally Santiment has filtered the Social Volume for Bitcoin-related keywords and terms pertaining to calls for “buy the dip.” Below is a chart showing the trend in the metric over the past month. As is visible in the graph, the Bitcoin Social Volume has spiked for these terms, indicating that interest in buying the dip has surged among social media users. At the current value, dip-buying calls are at their highest in 25 days. While this could sound like a signal that a rebound may be coming soon for the cryptocurrency, history has had many examples of the contrary. “Prices typically move the opposite direction of the crowd’s expectations,” explains the analytics firm. Considering this, the dip-buying hype could actually be a sign that more pain may be ahead for BTC before the bottom can actually be in. “Once the crowd stops feeling optimistic, and they begin to sell their bags at a loss, this is typically the time to strike with your dip buys,” says Santiment. Another gauge for market sentiment is through the Binance Funding Rate, which is a metric that keeps track of the periodic fee that derivatives traders are exchanging between each other on the largest cryptocurrency exchange by trading volume. Related Reading: Bitcoin Fear & Greed Index Signals Fear As Price Falls To $112,000 The indicator turned sharp red just ahead of the latest plummet in the Bitcoin price, indicating that short positions became dominant on Binance. After the decline, however, traders changed their tune as the metric switched back to being green. This trend would suggest that investors are hoping Bitcoin would rebound soon. “Ideally, for a notable price bounce to occur, we need to see a sustained period of shorts outpacing longs,” notes the analytics firm. As such, this could be another indicator to keep an eye on, as a flip into the negative for an extended phase may pave the way toward a bottom. BTC Price Bitcoin has been unable to make recovery from its crash so far as its price continues to trade around $112,700. Featured image from Dall-E, Santiment. net, chart from TradingView. com.

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Knight Frank Malaysia reports ESG progress in 2024 Annual Report

Reports 22% reduction in emissions and 27. 3% cut in energy costs Firm says ESG initiatives have delivered competitive advantages in client acquisition and retention Knight Frank Malaysia has released its 2024 ESG Report detailing the property consultancys environmental initiatives and their financial outcomes, as Malaysia prepares for new carbon tax regulations in 2026. The firm reported a 22% reduction in Scope 2 greenhouse gas emissions compared to its 2019 baseline, achieved through relocating its Kuala Lumpur headquarters to a green-certified building and implementing various energy efficiency measures. Achieving a 22% reduction in Scope 2 emissions was driven by our Kuala Lumpur HQ office relocation to a green-certified building, the downsizing of our office footprint, the adoption of a hybrid work model, and targeted investments in energy-efficient products, said Keith Ooi group managing director of Knight Frank Malaysia. The companys approach included investments in star-rated office equipment and appliances such as LED lighting, refrigerators, pantry appliances, as well as energy-efficient printers, copiers, and multifunction devices. To address remaining emissions, the company says it offset its Scope 2 footprint in 2023 through the purchase of Renewable Energy Certificates. Continue reading at for the full article as DNA is transitioning our sustainability coverage to a standalone news site.

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