The excitation of electrostatic and/or electromagnetic waves in the plasma universe is often associated with anisotropic velocity distributions of charged particles. In Earth's inner magnetosphere, this anisotropy can gradually develop as particles injected from the magnetotail drift around the Earth at different speeds depending on their energy and pitch angle. Here, we show that the perpendicular‐moving and bouncing ions can be separated more abruptly near the injection front. These pitch‐angle filters are localized magnetic dip structures formed by the diamagnetic behavior of the injected particles, which can trap perpendicular‐moving ions and allow bouncing ions to overtake. The resulting ion anisotropy facilitates the rapid generation of electromagnetic ion cyclotron (EMIC) waves, which in turn can largely reshape the Van Allen radiation belts. This scenario is examined by case and statistical observations, together with numerical simulations that reproduce most of the observational signatures, to support the causal relationship between magnetic dips, anisotropic ion distributions, and localized excitation of EMIC waves. Our study highlights the important roles of magnetic dips in the inner magnetospheric dynamics, as pitch‐angle filters of the injected ions and traveling hotspots of EMIC wave activities.