Crypto investors majorly bullish despite recent pullbacks: CoinGecko survey

Key Takeaways

  • 49.3% of crypto participants remain bullish despite market pullback post-Bitcoin halving.
  • Investors and builders show more optimism about the crypto market than traders and spectators.

Crypto market sentiment has become divided two months after the Bitcoin halving, with no clear consensus. A survey by CoinGecko revealed that 49.3% of crypto participants still feel bullish about the market, despite a pullback reversing initial post-halving gains.

The survey found 26.1% of respondents somewhat bullish, slightly more than the 23.2% fully bullish. A quarter of participants expressed neutral sentiment, neither bullish nor bearish, indicating uncertainty or a wait-and-see approach. The remaining 25.2% felt bearish, with 13.4% somewhat bearish and 11.8% fully bearish.

Image: CoinGecko

Investors showed the most optimism, with 54.1% feeling bullish and only 20.7% bearish. Builders followed, with 47.6% bullish and 31.6% bearish. Traders’ sentiments were mixed, with 39.0% bullish and 33.5% bearish. Sidelined spectators were most pessimistic, with 28.5% bullish and 42.4% bearish.

The CoinGecko Post-Halving Sentiment Survey, conducted from June 25 to July 8, 2024, gathered responses from 2,558 crypto participants. The study is for informational purposes only and does not constitute financial advice.

Notably, the Fear and Greed Index has fallen sharply since last week. On July 4th, the market sentiment reached 72 points out of 100, equivalent to “greed.” However, at the time of writing, the index is at 28 points, translated as fear.