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Bitcoin plunge stirs debate over dip versus crash as investors split

Amid extreme volatility in the cryptocurrency market, investors are split over whether bitcoin's latest move is a dip or a crash. Santiment said changes in language on social media may be more important than price action, with calls of a “crash” often marking reliable bottom signals. It said mentions shifted after bitcoin touched $60,000 on Feb. 5 and then rebounded. Santiment also said comparisons with the 2022 FTX collapse are exaggerated.