$BTC 80 Days Since Halving: 54% Of Crypto Investors Remain Bullish 📈
80 Days following the Bitcoin halving event, cautious optimism persists among crypto enthusiasts. Over half of the crypto investors still exhibit bullish sentiments despite a general market pullback that nullified initial post-halving gains.
According to a recent Coingecko survey, 49.3% of market participants maintain a bullish outlook, whereas about one-fourth adopt a neutral stance, indicative of the prevailing uncertainties or a wait-and-see approach towards market trends.
✨ Crypto Investors & Builders Are Bullish
The survey analysed different groups within the crypto community, revealing distinct sentiments across various roles. Notably, 54.1% of investors are optimistic about the market's long term potential, demonstrating a firm belief in the sustained value of cryptocurrencies.
Builders also exhibit resilience, with 47.6% maintaining a bullish attitude, although 31.6% express bearish sentiments.
Conversely, traders show a split view. Approximately 39% remain bullish, which sharply contrasts with their typical short term trading strategies that react quickly to market shifts. This group's bearish sentiments stand at 33.5%, emphasizing their acute responsiveness to recent price changes.
Spectators - the less active market watchers- were found to be the most bearish group. A significant 42.4% are pessimistic, surpassing the 28.5% who are optimistic. This largely reflects broader scepticism among those who have stepped out from active participation, possibly after taking early profit and exiting the market.
At the time of writing, BTC price is hovering around $58000, marking a decline of roughly 10% since halving. The market's sentiment, as measured by the crypto Fear & Greed index, at 28 (some represent 29), signals one of the most fearful periods in over a year.
Nevertheless, some investors (even myself) view this as an ideal buying opportunity, believing that market fears often precede recovery and growth.
