Only 49% of Crypto Market Participants Bullish

Krutika Adani

Coingecko Survey

A survey by Coingecko shows that less than half, i.e., 49% of crypto market participants, are bullish now.

Survey Categories

The survey asked people to respond to whether they were bullish, somewhat bullish, neutral, bearish, or somewhat bearish.

Responses

The largest number of respondents chose somewhat bullish (26.1%), followed by neutral (25.5%) and bullish (23.2%), while somewhat bearish(13.4%) and bearish (11.8%) were at the bottom.

Timing of the Survey

The survey was conducted between 25 June and 8 July 2024.

Experts Say This Is Good

According to experts, the survey reveals that fewer people are bearish despite the large fall in crypto prices, which is a good sign.

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