Only Half of Crypto Investors Remain Bullish: CoinGecko Survey

According to a recent survey by CoinGecko, only about half of investors are actually optimistic about the current crypto market.

The study, which included 2,558 people, was carried out over the past two weeks, from June 25 to July 8.

Crypto investors lead the bullish outlook

CoinGecko’s report highlights that 49.3% of crypto participants are still optimistic about the future of the market. This is despite the downtrend in the crypto market after the post-halving rally.

Among these participants, 26.1% felt somewhat bullish and 23.2% felt fully bullish. Interestingly, 25% of participants maintained a neutral stance. On the other hand, 25.2% of participants expressed bearish sentiments. This bearish group was almost evenly split, with 13.4% somewhat bearish and 11.8% fully bearish.

Breaking down sentiment by participant type, investors emerged as the most bullish, with 54.1% feeling bullish and just 20.7% bearish. Builders working in the space followed closely behind, with 47.6% bullish and 31.6% bearish. Traders showed mixed sentiment, with 39.0% bullish and 33.5% bearish, possibly due to their short-term market focus.

Marginal viewers, who had no direct crypto involvement, were the most pessimistic, with only 28.5% bullish responses compared to 42.4% bearish.

Bitcoin’s Fall Continues

The latest survey results show that Bitcoin has fallen about 9.5% since its halving on April 20. Historically, Bitcoin halving events, which occur roughly every four years, have been followed by price rallies in the months following.

However, this time around, Bitcoin has been falling ever since hitting a new all-time high in March. Over the past month, its price action has been marked by a series of lower highs and lower lows, with the crypto hitting a two-month low of $53,500 on July 5.

Despite trying to regain upward momentum, market confidence has recently been shaken by Bitcoin’s potential $7.6 billion selling pressure. In particular, it is intended that the funds will soon be repaid to the creditors of the defunct crypto exchange Mt. enjoy In addition, recent sales of Bitcoin by the German government have further upset investor sentiment.

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