Is the Crypto Bull Run Over? Yes Strong Investor Confidence Fuels Belief in Ongoing Bull Run: A recent survey by CoinGecko paints a positive picture of the current cryptocurrency market sentiment, with a significant majority of participants (81.6%) believing the bull run is far from over. This optimism cuts across different crypto demographics, including investors, traders, and builders.
Key Findings:
- Over 80% Believe Bull Run Continues:
- 52.3% see it as early stage.
- 29.3% believe it’s midway through.
- Only 18.4% think it’s late or over.
- Investors Most Bullish:
- 84.3% of investors believe the bull run is ongoing.
- 55.5% think it’s just beginning.
- Experience and Market Sentiment:
- Both veterans and newcomers share similar views.
- Veterans are slightly more cautious, with 23.4% believing the market is late or ending.
Future Market Expectations:
- Bullish Continuation Expected:
- 60.4% agree the market will go up again.
- 21.3% believe in a supercycle with continuous growth.
- Combined, 81.7% expect a bullish continuation.
- Second Cycle Participants Most Optimistic:
- 66.7% of second cyclers believe the market hasn’t peaked.
Survey Methodology:
- CoinGecko Post-Halving Sentiment Survey (June 25 – July 8, 2024) with 2,558 participants.
- Participants:
- 69% Investors
- 18% Traders
- 7% Builders
- 6% Spectators
- Geographic Distribution:
- 90% Europe, Asia, North America, Africa
- 10% Oceania, South America
