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Less Than 50% of Market Participants Remain Bullish on Crypto After the Bitcoin Halving: CoinGecko

July 15, 2024

Fresh insights from crypto data aggregator CoinGecko show that sentiment among market participants is split following the most recent Bitcoin (BTC) halving.

In a new survey, CoinGecko polled 2,558 crypto participants from around the world between June 25th and July 8th, the majority of them saying they are long-term digital asset investors.

According to the survey, 49.3% of market participants still feel bullish about crypto despite the consolidation and correction that happened after the April 2024 halving when miners’ rewards were cut in half.

Specifically, CoinGecko notes that 26.1% of the participants polled feel somewhat bullish and 23.2% were fully bullish on crypto.

The survey also finds that 13.4% were somewhat bearish, 11.8% were bearish and 25.5% were neutral.

The research also finds that crypto investors and builders have a more optimistic view of the market than digital asset traders and sidelined participants.

“Investors were the most optimistic about the market: 54.1% of crypto investors felt bullish and only 20.7% had bearish sentiments.

Builders were the second most optimistic, with 47.6% indicating bullish sentiments and 31.6% bearish.

In comparison, traders’ crypto market sentiments were largely mixed, with 39.0% expressing bullishness and 33.5% bearish.

Sidelined spectators were the most pessimistic about the crypto market, with the 28.5% bullish responses outnumbered by the 42.4% who expressed bearish sentiments.”

You can read the full report here.

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