Post-Halving Crypto Market Sentiment: Mixed Reactions Among Investors

Two
months
after
the
highly
anticipated
Bitcoin
(BTC)
Halving,
the
crypto
market
sentiment
remains
divided,
according
to
a
recent
survey
by
CoinGecko.
The
survey,
conducted
between
June
25
to
July
8,
2024,
highlights
varying
degrees
of
optimism
and
pessimism
among
crypto
participants.

What
Is
the
Current
Crypto
Market
Sentiment?

Crypto
market
sentiment
has
become
polarized,
with
no
strong
consensus
emerging.
The
survey
reveals
that
49.3%
of
participants
still
feel
bullish
about
the
market,
despite
a
notable
pullback
that
followed
an
initial
post-Halving
rally.
Specifically,
26.1%
of
respondents
felt
somewhat
bullish,
while
23.2%
were
fully
bullish.

Approximately
25.5%
of
participants
expressed
a
neutral
stance,
indicating
uncertainty
or
a
wait-and-see
approach
towards
the
market’s
future
developments.
The
remaining
25.2%
felt
bearish,
with
13.4%
somewhat
bearish
and
11.8%
fully
bearish.

Investors
&
Builders
More
Bullish
Than
Traders
&
Spectators

The
survey
categorized
respondents
into
four
groups:
investors,
builders,
traders,
and
spectators.
Investors
were
the
most
optimistic,
with
54.1%
expressing
bullish
sentiments
and
only
20.7%
feeling
bearish.
Builders
followed,
with
47.6%
feeling
bullish
and
31.6%
bearish.

Traders
displayed
mixed
sentiments,
with
39.0%
expressing
bullishness
and
33.5%
bearishness.
This
reflects
the
traders’
tendency
to
adjust
their
market
outlook
based
on
short-term
price
movements,
while
investors
and
builders
focus
on
long-term
potential.

Spectators,
who
identified
themselves
as
having
no
direct
involvement
in
crypto,
were
the
most
pessimistic.
Only
28.5%
felt
bullish,
compared
to
42.4%
who
expressed
bearish
sentiments.
This
group
may
represent
those
who
have
taken
profits
and
exited
the
market
temporarily.

Crypto
Market
Sentiment
Survey
Results

According
to
the
survey,
the
breakdown
of
sentiment
among
crypto
participants
from
June
25
to
July
8,
2024,
is
as
follows:

Methodology

The
CoinGecko
Post-Halving
Sentiment
Survey
collected
responses
from
2,558
crypto
participants.
The
survey
was
conducted
anonymously,
and
the
results
are
indicative
rather
than
definitive.
Among
the
participants,
69%
considered
themselves
long-term
investors,
18%
were
traders
with
shorter-term
holdings,
7%
were
builders,
and
6%
were
spectators.

Regarding
experience,
46%
of
respondents
were
in
their
first
crypto
cycle
(0
to
3
years),
41%
in
their
second
cycle
(4
to
7
years),
and
the
rest
had
over
8
years
of
experience.
Geographically,
90%
of
participants
were
based
in
Europe,
Asia,
North
America,
or
Africa,
with
the
remaining
10%
in
Oceania
or
South
America.

The
study
is
for
illustrative
and
informational
purposes
only
and
does
not
constitute
financial
advice.
Participants
are
encouraged
to
conduct
their
own
research
before
making
any
financial
decisions.

For
more
detailed
insights,
visit
the
original
survey
on

CoinGecko.

Image
source:
Shutterstock