The crypto market has been on a rollercoaster ride lately, and it seems like many investors are feeling the effects. A recent survey by CoinGecko found that less than half of crypto holders are still feeling optimistic about their investments.
Bullish Sentiment Drops
The survey, conducted between June 25th and July 8th, polled 2,558 crypto participants. While there wasn’t a clear consensus, the results showed a decline in bullish sentiment. Only about 45% of those surveyed were still feeling enthusiastic about crypto.
The survey broke down the responses into different categories:
- Fully Bullish: 23.2%
- Somewhat Bullish: 26.1%
- Neutral: 25.5%
- Slightly Bearish: 13.4%
- Completely Bearish: 11.8%
Different Groups, Different Outlooks
It’s important to note that the survey included all kinds of market participants, from long-term investors to short-term traders and even people who are just watching the market from the sidelines.
Here’s how the sentiment broke down by participant type:
- Investors: These are people who are more likely to hold their crypto for the long haul. They were the most bullish group, with 54.1% feeling optimistic and only 20.7% feeling bearish.
- Builders: These are people who are actively involved in building and developing the crypto ecosystem. They were the second most optimistic group, with 47.6% feeling bullish and 31.6% feeling bearish.
- Short-Term Traders: This group is more focused on making quick profits. They were the least optimistic, with only 39.0% feeling bullish and 33.5% feeling bearish.
- Spectators: These are people who are simply watching the market without actively participating. They were the least bullish of all, with only 28.5% feeling optimistic and 42.4% feeling bearish.
The Market Recovers
While the survey shows a decline in bullish sentiment, it’s worth noting that the crypto market is starting to recover. At the time of writing, the market is up by 2.98% in the past 24 hours. Investors are hoping for a bullish week ahead for Bitcoin and other cryptocurrencies.
