Future

Bitcoin

Spectrum

<p>Two months after the highly anticipated <a href="https://coingape.com/halving/bitcoin-halving/">Bitcoin halving</a> event, the sentiment within the crypto market is still divided. According to a recent survey conducted by <a rel="nofollow" href="https://www.coingecko.com/research/publications/crypto-market-sentiment">CoinGecko</a>, nearly half of cryptocurrency enthusiasts are still feeling positive, even after a market downturn following an initial increase after halving. The research conducted between June 25 and July 8, 2024, presents a thorough analysis of the opinions various factions within the crypto community hold about the future of the market.</p> 
<h2 id="strong-the-sentiment-spectrum-bullish-neutral-and-bearish-strong"><strong>The Sentiment Spectrum: Bullish, Neutral, and Bearish</strong></h2> 
<figure id="attachment_206937" aria-describedby="caption-attachment-206937" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-206937 size-full" src="https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-11-094201.png" alt="Post-Halving sentiment survey" width="1908" height="1604" srcset="https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-11-094201.png 1908w, https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-11-094201-300x252.png 300w, https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-11-094201-1224x1029.png 1224w, https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-11-094201-768x646.png 768w, https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-11-094201-1536x1291.png 1536w, https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-11-094201-150x126.png 150w" sizes="(max-width: 1908px) 100vw, 1908px">
 <figcaption id="caption-attachment-206937" class="wp-caption-text">
  The Sentiment Spectrum (Source: CoinGecko)
 </figcaption>
</figure> 
<h3 id="strong-bullish-sentiment-strong"><strong>Bullish Sentiment</strong></h3> 
<p>49.3% of survey participants are still optimistic, even with the market’s recent decline. Two categories form the bullish outlook: 26.1% have some bullishness, while 23.2% are completely bullish. This positive outlook shows confidence in the cryptocurrency market’s future potential despite temporary fluctuations.</p> 
<h3 id="strong-neutral-sentiment-strong"><strong>Neutral Sentiment</strong></h3> 
<p>Around a quarter of the participants had a neutral opinion. This impartiality indicates uncertainty or a cautious attitude, with investors reluctant to choose between a positive or negative market perspective until more information is revealed.</p> 
<h3 id="strong-bearish-sentiment-strong"><strong>Bearish Sentiment</strong></h3> 
<p>In terms of bearish sentiment, 25.2% of participants had unfavorable attitudes towards the market. This group is also split, with 13.4% being somewhat bearish and 11.8% being fully bearish. The equal spread of negative feelings shows that while some participants are careful, a smaller group is very pessimistic about the market’s future.</p> 
<h2 id="strong-who-feels-what-investors-builders-traders-and-spectators-strong"><strong>Who Feels What: Investors, Builders, Traders, and Spectators</strong></h2> 
<figure id="attachment_206939" aria-describedby="caption-attachment-206939" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-206939" src="https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-11-094642.png" alt="How Different Participants Feel" width="1826" height="1605" srcset="https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-11-094642.png 1826w, https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-11-094642-300x264.png 300w, https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-11-094642-1224x1076.png 1224w, https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-11-094642-768x675.png 768w, https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-11-094642-1536x1350.png 1536w, https://coingape.com/wp-content/uploads/2024/07/Screenshot-2024-07-11-094642-150x132.png 150w" sizes="(max-width: 1826px) 100vw, 1826px">
 <figcaption id="caption-attachment-206939" class="wp-caption-text">
  How Different Participants Feel (CoinGecko)
 </figcaption>
</figure> 
<h3 id="strong-1-investors-the-optimists-strong"><strong>1. Investors: The Optimists</strong></h3> 
<p>Investors, who typically have a long-term perspective, are the most optimistic. According to the survey, 54.1% of crypto investors felt bullish, and only 20.7% were bearish. This optimism is likely rooted in the belief that the fundamental value of cryptocurrencies will prevail over time, despite current market fluctuations.</p> 
<h3 id="strong-2-builders-focused-on-the-future-strong"><strong>2. Builders: Focused on the Future</strong></h3> 
<p>Developers who are actively engaged in building <a href="https://coingape.com/glossary/blockchain/">blockchain</a> technology also show a fairly optimistic attitude. Approximately 47.6% of builders have a positive outlook, while 31.6% hold negative views.</p> 
<p>Their self-assurance might come from their active participation in the technological progress that propels the crypto ecosystem ahead.</p> 
<h3 id="strong-3-traders-the-mixed-bag-strong"><strong>3. Traders: The Mixed Bag</strong></h3> 
<p>Traders, known for their brief outlook, show conflicting feelings. According to the survey, 39.0% of traders are optimistic, whereas 33.5% are pessimistic. This difference probably shows how traders react to recent price movements and market instability, which can greatly impact their short-term plans.</p> 
<h3 id="strong-4-spectators-the-pessimists-strong"><strong>4. Spectators: The Pessimists</strong></h3> 
<p>The individuals standing on the sidelines, not participating in the market currently, are the most negative. Only 28.5% of viewers are optimistic, while 42.4% are pessimistic.</p> 
<p>This group’s feelings could be indicative of a careful attitude, possibly stemming from past experiences of leaving the market or a overall disinterest in recent cryptocurrency advancements.</p> 
<h2 id="strong-demographics-and-participation-types-strong"><strong>Demographics and Participation Types</strong></h2> 
<p>The study included 2,558 unidentified individuals and offers information about their backgrounds. 69% of participants were classified as long-term investors, with 18% being traders, 7% categorized as builders, and 6% labeled as sidelined spectators.</p> 
<p>Experience levels were diverse, with 46% of participants in their initial crypto cycle (0-3 years), 41% in their second cycle (4-7 years), and 13% as veterans with more than 8 years in the crypto industry.</p> 
<p>Geographically, most of the respondents were from Europe, Asia, North America, and Africa, making up 90% of the total responses. 10% of the remaining individuals came from Oceania and South America.</p> 
<h2 id="strong-conclusion-strong"><strong>Conclusion</strong></h2> 
<p>The survey from CoinGecko shows a lack of consensus in the crypto market sentiment. After the <a href="https://coingape.com/price/bitcoin">Bitcoin</a> halving, opinions are divided almost equally between optimistic and pessimistic views, with a sizable number of participants remaining neutral. Investors and developers exhibit increased trust in the market’s future prospects, whereas traders and onlookers demonstrate higher levels of wariness and negativity.</p> 
<p>As the cryptocurrency market continues to shift, these different feelings demonstrate the complex and dynamic nature of investor mentality. Whether the market will trend towards optimism or caution in the coming months remains to be seen, but it is clear that the crypto community is paying close attention and staying engaged.</p> 
<p>&nbsp;</p> 
<p>The post <a href="https://coingape.com/blog/crypto-market-sentiment-split-post-bitcoin-halving-what-you-need-to-know/">Crypto Market Sentiment Split Post-Bitcoin Halving: What You Need to Know</a> appeared first on <a href="https://coingape.com">CoinGape</a>.</p>

Crypto Market Sentiment Split Post-Bitcoin Halving: What You Need to Know

Table of Contents

Coingape News Media

Other articles published on Jul 11, 2024

BlockDAG’s Major Team Reveal Primed to Ignite a 40% Price Spike As Filecoin and Dogwifhat Prices ...

US Bitcoin ETF Expansion: T-Rex Joins Market with 2X Long Products

MoonBag Rockets Ahead as Top Crypto Presale in 2024: Leaving BlastUp and Bonk in the Cosmic Dust!

Investors Pour Millions into Bitcoin ETFs

Chainalysis: Nearly $100b of ‘dirty crypto’ sent to exchanges since 2019

Ethereum Price Forecast: Justin Sun Buys $5 Million In ETH Ahead Of Ethereum ETF Approvals As Inv...

Join our free newsletter for daily crypto updates!