The decline in Bitcoin (BTC) and altcoins that started in June continued in the first week of July. While these sharp declines caused concerns among investors, speculations emerged that the bull market was over.
In this context, it recently conducted a survey to evaluate investors' predictions. According to the results, the majority of cryptocurrency investors, 81.6%, believe that the crypto bull run is not over yet.
While 52.3% of participants predicted that the current bull run is still in its early or early stages, 29.3% stated that the market is in the middle of the bull run. In contrast, only 18.4% think the current bull market is in its final stages or has already ended.
Similar predictions emerged in the evaluations made between beginners and experienced investors. 52.7% of those with 0-3 years of crypto experience, 52.2% of those with 4-7 years of experience, and 51.8% of those with 8 years or more experience say the current bull run is still in its early stages. he stated.
81.7% of respondents believe that the crypto market has not yet reached its peak and that the market will continue its upward trend during the real bull period. The rate of those who said "We have reached the peak for this cycle, the market will only fall from now on" was recorded as 8.1%.
The survey was conducted anonymously between June 25 and July 8, 2024, and 2,558 crypto investors participated.
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I EXPLAIN IN DETAIL.
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