Original title: Post-Halving Crypto Market Sentiment Mixed, Half Still Bullish
Original author: Lim Yu Qian
Original source: Coingecko
Compiled by: Mars Finance, MK
What is the current crypto market sentiment? Just two months after the Bitcoin halving, crypto market sentiment has diverged, with no strong consensus forming. According to a recent survey, 49.3% of crypto participants remain optimistic about the market, even if a pullback reverses the initial post-halving rally. Specifically, 26.1% of respondents are slightly bullish, while 23.2% are completely bullish.
A quarter of crypto participants are neutral on the market, leaning neither towards bullish nor bearish sentiment. Neutral sentiment was the second most common response in the survey. This may reflect participants’ uncertainty about the state of the crypto market, or indicate that they are waiting for further developments before forming a market view.
The remaining 25.2% of participants are bearish on the crypto market. Bearish sentiment on the cryptocurrency market is almost evenly distributed, with 13.4% of respondents saying they are somewhat bearish and 11.8% saying they are completely bearish.
Investors and builders are more bullish on cryptocurrencies than traders and onlookers
Of the four types of survey participants, investors were the most optimistic about the market: 54.1% of crypto investors felt bullish, with only 20.7% holding a bearish sentiment. Builders were the second most optimistic, with 47.6% expressing bullish sentiment and 31.6% expressing bearish sentiment.
In contrast, traders’ cryptocurrency market sentiment is mixed, with 39.0% expressing bullish sentiment and 33.5% expressing bearish sentiment. This may highlight that traders holding short-term assets are more likely to adjust market sentiment based on price action, while investors and builders are more focused on the long-term potential of the cryptocurrency market.
Observers were the most pessimistic about the cryptocurrency market, with 28.5% bullish responses outweighed by 42.4% bearish responses. Given that they self-reported not being directly involved in cryptocurrencies, audience respondents may be reflecting the view of taking profits and temporarily exiting the market.
That being said, it’s worth noting that the survey did not strictly define each type of participation, with respondents self-selecting based on their own perceptions. Therefore, the perceived definition of long-term and short-term cryptocurrency holdings may vary.
Crypto Market Sentiment Survey Results
According to a survey of cryptocurrency participants, the current cryptocurrency market sentiment from June 25 to July 8, 2024 is as follows:
Methodology
The study examined responses from 2,558 cryptocurrency participants in the anonymous CoinGecko post-halving sentiment survey from June 25 to July 8, 2024. The survey results are provided for informational purposes only.
Among the survey participants, 69% considered themselves to be mainly long-term cryptocurrency investors, 18% considered themselves to be mainly short-term traders, 7% considered themselves to be builders, and 6% considered themselves to be spectators. In terms of how long the participants have been involved in cryptocurrency, 46% are in the first cycle (0 to 3 years in cryptocurrency), 41% are in the second cycle (4 to 7 years), and the rest have 8 years or more of experience. In terms of geography, 90% of the participants said they are located in Europe, Asia, North America and Africa, and the rest are located in Oceania or South America.
