Bitcoin’s post-halving pullback has divided the crypto community, with investors currently seen as the most bullish group. A recent survey by CoinGecko highlights varied sentiment among cryptocurrency investors, developers, speculators, and traders.
Cryptocurrency aggregator CoinGecko conducted a sentiment survey from mid-June to July 8, engaging 2,558 participants. The results show that the largest group, 26.1%, is "somewhat bullish," while only 11.8% are "strongly bearish." Despite Bitcoin’s price drop below $56,000, nearly 50% of the participants remain bullish.
CoinGecko notes that the neutral sentiment was the "second most common survey response." This suggests that many participants might be "waiting for further developments before forming their market view." Among the groups, investors were the most optimistic, with 54.1% feeling bullish and just 20.7% bearish.
“In comparison, traders’ crypto market sentiments were largely mixed, with 39.0% expressing bullishness and 33.5% bearish,” CoinGecko stated.
Speculators were the most pessimistic, with 28.5% feeling bullish compared to 42.4% who were bearish. CoinGecko suggests this cohort might have taken profits and "exited the market for the time being."
In early July, Bitcoin’s (BTC) price plummeted as German authorities offloaded BTC onto exchanges after seizing 50,000 BTC from the illegal film website Movie2k. Crypto entrepreneur Anthony Pompliano noted in an interview with CNBC that people are "scared of buying Bitcoins" due to the influx of coins into the market. He added that BTC is currently in a highly illiquid market state, with German sell-offs significantly impacting the price.
