CoinGecko's latest survey found that the majority of crypto investors remain bullish about market conditions after the Bitcoin Halving event in April 2024. The survey measured market sentiment from 2,558 participants, including long-term investors, short-term traders, crypto builders, and market observers.
Survey Results
The survey results revealed that 49.3% of participants remained bullish on the crypto market despite the significant price decline after the halving. Of this number, 26.1% felt quite optimistic and 23.2% were very optimistic. In contrast, 25.2% of participants felt bearish, with 13.4% somewhat pessimistic and 11.8% very pessimistic. Meanwhile, 25.5% of other participants had a neutral view.
The chart shows the majority of participants remain bullish. Source: CoinGecko
Most Optimistic Investor and Crypto Builder
Crypto investors showed the highest level of optimism with 54.1% feeling bullish and only 20.7% being bearish. Crypto builders followed with 47.6% feeling bullish. In contrast, crypto traders were more divided, with 39% feeling bullish and 33.5% being bearish. Market watchers showed the most pessimistic attitude with 42.4% leaning bearish.
Post-Halving Sentiment Change
Bitcoin halving in April 2024 triggered a surge in the price of the crypto asset in the following months, with prices stabilizing above the US$60,000 level. However, the distribution of Mt. Gox and the sale of Bitcoin by various governments caused a massive price drop. As of July 11, 2024, the price of Bitcoin was still at US$57,890.
The crypto Fear and Greed Index has fallen sharply since last week, sitting at 29 points, indicating fear sentiment. In comparison, market sentiment in early June was at 78, which is equivalent to greed.
Conclusion
Crypto market sentiment remains optimistic despite post-halving challenges. Investors and crypto industry players are expected to continue monitoring market developments and conducting in-depth research before making investment decisions.
Disclaimer
This content is for informational and reference purposes only, not investment advice or suggestions. Trading crypto assets involves risks and can result in losses. Do thorough research before investing. Use official platforms registered and supervised by BAPPEBTI for security.
