COINOTAG News and Xinhua report that Bitget’s Chinese spokesperson Xie Jiayin posted on X that the current cryptocurrency total market capitalization has returned to about $3.3 trillion, while the market sentiment index sits at 10, a fresh multiyear low.
He notes that in March and April this year, similar pullbacks and widespread panic occurred, yet history later proved it to be a buying opportunity. The resemblance to past cycles suggests that the timing for a buy the dip approach may have arrived.
Xie emphasized that the market theme remains anchored to the growth of DATs, ETFs, and stablecoins.
Investors should monitor three data dimensions as key directional indicators: daily BTC/ETH ETF net inflows; MicroStrategy dynamics; and the stablecoin total supply curve.