ChainCatcher message, the crypto market analysis firm Santiment stated on social media that this decline is roughly comparable to the drop in early July based on the data, so there is no sentiment for bottom fishing (at least not yet). The $60,000 Bitcoin and $2,900 ETH will serve as key psychological levels, which may be enough to prompt traders to start bottom fishing.

ChainCatcher news, according to Cointelegraph, the on-chain analysis platform CryptoQuant published a blog post stating that institutional investors increased their holdings by 100,000 bitcoins within a week, worth approximately $5.7 billion.CryptoQuant analyst Cauê Oliveira pointed out that since early June, entities holding between 1,000 and 10,000 bitcoins have accelerated their accumulation, continuing to buy even when the bitcoin price hit its lowest level since February. Unlike the ETF inflows in March, this accumulation resembles a "bottom-fishing" behavior by major players.

ChainCatcher message, according to ai_9684xtpa monitoring, the address 0xa26 is bottom fishing PEPE, having transferred out 23.67 billion PEPE from Binance 20 minutes ago, worth 2.22 million dollars, with an entry price of 0.00000936 dollars.The address has made two PEPE swings in the past five days, with a total loss of about 120,000 dollars.

ChainCatcher news, Pomp Investments founder Anthony Pompliano stated in an interview with Fox Business that most Bitcoin holders did not choose to sell when its price dropped, but instead actively bought the dip.

ChainCatcher news, Matrixport released a new report stating that it is still too early to buy the dip in Bitcoin. Since last week when Matrix on Target warned that Bitcoin might experience a larger pullback, the price of Bitcoin has dropped by 10%.It stated that, based on previous situations, Bitcoin tends to fluctuate sideways for four to five months after a halving. The interpretation of macro data has led it to take a cautious stance on Bitcoin, and it expects a significant adjustment in Bitcoin.

ChainCatcher news, according to a post by Greeks.live researcher Adam on the X platform, Bitcoin and the entire cryptocurrency market are still experiencing a deep correction, with April becoming the month with the deepest correction in nearly a year. Dvol dropped directly from 74% to 55% this week, and the market's volatility expectations are declining rapidly, indicating that the market is quickly transitioning from hot to cold. The short vega trading strategy mentioned in previous weeks can now take profits. In the short term, it is advisable to choose options with lower implied volatility and suitable expiration dates and prices to start purchasing options, which offers a high cost-performance ratio.In the crypto interest rate market, Bitfinex spot whales have begun to continuously bottom-fish, and the green leaf interest rate market often encounters orders with annualized rates of 20%. When encountering suitable interest rate orders, active transactions can be made, and using high-interest models may yield surprises.

ChainCatcher message, according to @ai_9684xtpa's monitoring, the Smart Money address starting with 6PmK has made a profit of $231,000 by bottom-fishing CatGPT, with a return rate of 559%.This Smart Money patiently waited for the CatGPT price to drop to a psychological level before buying in, and then sold everything at the peak of the short-term price.