Bitcoin Dip-Buy Calls Spike, With $107K Emerging as a Key Liquidity Magnet

Bitcoin Dip-Buy Calls Rise as Liquidity Signals Point to $107K Support

Bitcoin (BTC) has experienced heightened “buy the dip” chatter on social media, even as technical indicators and liquidity trends suggest a potential deeper pullback.

This week, BTC fell over 3% to $111,590, breaking below its 50- and 100-day simple moving averages (SMA). Both SMAs have now flattened for the first time since April, signaling a pause in bullish momentum.

Meanwhile, mentions of “buy the dip” across platforms such as Reddit, Telegram, and X (formerly Twitter) have surged to a near-monthly high, according to Santiment. Such spikes in retail optimism often serve as contrarian indicators, suggesting prices may dip further before presenting an optimal buying opportunity.

“When retail traders are eager to buy a dip, prices often move lower first,” Santiment noted. “Once optimism fades and sellers liquidate positions, that typically becomes the prime entry point for buyers.”

Liquidity Analysis Suggests Key Support Levels

Order book data highlights the deepest liquidity cluster at $107,000, a level likely to act as a price magnet. Additional liquidity zones are forming at $109,000 and $111,000, which could provide near-term support as BTC navigates the pullback.

Although retail enthusiasm remains high, these technical and liquidity indicators point to a cautious market environment, suggesting that Bitcoin could test these support levels before a sustained rebound.