The recent dip in the crypto market has created a wave of uncertainty among traders. However experts suggest the popular “buy the dip” strategy could remain viable for an extended period. A significant decline across the market, highlighted by sharp losses in altcoins, has left traders wondering what would happen next.

Meanwhile, Daniel Cheung—co-founder of Syncracy Capital—believes this market phase may offer prolonged buying opportunities. In a post he made on X, Cheung said that “the pullbacks likely will be a ‘buy the dip’ scenario for much longer than everyone expects.”

Shift in Trading Behavior

Cheung noted a change in trader behavior, with many adopting a short-term mindset focused on taking profits quickly. The total crypto market capitalization fell 5.41% in the past 24 hours to $3.44 trillion. Altcoins have taken the hardest hit, with Kaia (KAIA) down 31.3%, Stellar losing 28.3%, and Flare dropping 26.9%.

Crypto analytics firm Santiment reported that the sell-off could spark an aggressive recovery if retail traders react with panic and sell their assets too soon. This shift in sentiment marks a departure from previous cycles, where the “hodl and buy the dip” strategy was the norm.

Liquidation and Market Volatility

The recent sell-off has also led to significant liquidations. Data from CoinGlass shows that $1.58 billion in long positions were liquidated over the past 24 hours, highlighting the risks of leveraged trading. Swyftx lead analyst Pav Hundal described the situation as a “blip” caused by traders over-leveraging before liquidity dried up.

This article does not contain investment, financial, legal, accounting or tax advice or recommendations. All investment and trading activities carry risk, including the potential loss of funds. Therefore, you should conduct your own research when making a decision