Survey Divides Crypto Investors: What Are They Expecting? - Coin Bulletin

According to CoinGecko's survey, only half of the crypto investors and observers expect an uptrend in the market, while the other half are bearish or neutral.

According to a survey conducted by CoinGecko between June 25 and July 8, when Bitcoin experienced a roughly 10% drop, only about half of the crypto investors and observers currently have a "bullish" outlook on the crypto market. In the survey, which had 2,558 participants, 94% of the participants own cryptocurrency or work in the crypto sector.

According to the survey results, approximately 49.3% of the participants indicated that the current state of the cryptocurrency market is “bullish” or “somewhat bullish”. While nearly a quarter of the participants are almost equally divided as “bearish” and “somewhat bearish”, the other quarter remained “neutral”, stating that they do not expect significant movement in the market.

CoinGecko research analyst Lim Yu Qian stated that neutral sentiment can indicate that participants are waiting for uncertainties or developments in crypto market conditions.

Among the four groups participating in the survey, the most pessimistic were the observers, and 40% of them expected a bear market. Observers were defined as people with 'no direct crypto interest' and had the highest proportion of neutrality in the market at nearly 30%.