CoinGecko Survey: Despite Recent Market Volatility, 49% Remain Bullish on Crypto
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CoinGecko Survey: Despite Recent Market Volatility, 49% Remain Bullish on Crypto
Positive and negative market sentiment are almost evenly split.
Navigating Web3 tides with focused insightsSource: bitcoinist
Compiled by: Blockchain Knight
The crypto asset market has been experiencing endless cycles of ups and downs. Recently, CoinGecko conducted a survey among individuals involved in the crypto industry and drew some conclusions.
The survey was carried out between June 25 and July 8, collecting responses from over 2,500 participants, most of whom have some connection to the crypto space through investment or employment.
Results were released on July 10, revealing subtle insights into the sentiments of crypto users—with positive and negative market sentiments nearly split down the middle.
According to the survey, 49.3% of respondents are optimistic about the future value of crypto assets, with a significant portion believing that cryptocurrencies could see further gains and growth in the coming months.
Meanwhile, around a quarter expressed little hope, almost evenly divided between strongly bearish and slightly bearish views. More than a quarter of participants showed no strong preference or weak inclination toward either bullish or bearish outcomes.
This neutral stance is widely interpreted as caution—possibly waiting for clearer market signals before taking a firmer position.
Lim Yu Qian, research analyst at CoinGecko, noted that this widespread neutrality may indicate uncertainty among market participants regarding BTC’s direction, reflecting a "wait-and-see" attitude until more definitive trends emerge.
When analyzed by type of market participant, these sentiment differences become even more apparent. Among “bystanders”—those not actively operating in the industry or directly investing—a bearish sentiment dominates, accounting for approximately 40%.
The proportion of neutral responses is also highest among this “bystander” group, possibly due to being removed from active trading, or representing a deliberate withdrawal to observe market movements from a distance.
In contrast, the most bullish group consists of experienced crypto holders who have invested in digital currencies for many years. This suggests that positive price outlooks may correlate with familiarity with how the market operates.
Sentiments among professionals working in the crypto industry are similarly positive and optimistic, highlighting their unwavering confidence in the sector and its long-term development potential, regardless of current market challenges.
While these mixed emotions paint a picture of a market at a crossroads—with enthusiasm and caution coexisting—it's important to note that this comes amid conditions defying all expectations.
Given the sequential approval by the U.S. Securities and Exchange Commission (SEC) of spot BTC ETFs and ETH ETFs, many expected the crypto market to enter a sustained bull run. However, contrary to these expectations, the market has recently shown a downward trend.
Although the global crypto market now appears to be showing signs of recovery—rising nearly 1% over the past day and currently valued at over $2.2 trillion—it should be noted that this performance follows sharp declines in both BTC and Ethereum last week.
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