Bitcoin’s post-halving pullback has generated mixed reactions within the crypto community, with investors currently appearing to be the most optimistic group.

Cryptocurrency enthusiasts, including investors, developers, speculators, and traders, have varied opinions on the current market conditions. According to a survey by a crypto prices aggregator, there is “no strong consensus sentiment” prevailing at the moment.

In a survey conducted from mid-June to July 8, involving 2,558 participants, market sentiment was assessed. The largest group of respondents (26.1%) described themselves as “somewhat bullish,” while the smallest group (11.8%) identified as strongly bearish. Overall, nearly 50% of participants leaned bullish despite Bitcoin’s recent price drop below $56,000.

Surveyed groups | Source: CoinGecko

The survey revealed that the neutral sentiment was the “second most common survey response,” indicating that participants might be waiting for further developments before forming a definitive market view. Among the respondents, investors were the most optimistic, with over 54.1% feeling bullish and only 20.7% having bearish sentiments.

Traders’ sentiments were largely mixed, with 39.0% expressing bullishness and 33.5% bearishness. Speculators were the most pessimistic, with 28.5% feeling bullish compared to 42.4% who were bearish. This group might have taken profits and exited the market temporarily.

In early July, Bitcoin’s price dropped significantly as German authorities began offloading tranches of BTC onto exchanges after seizing 50,000 BTC from an illegal film website. In a recent interview, a crypto entrepreneur suggested that people are hesitant to buy Bitcoin due to the influx of thousands of coins into the market, adding that BTC is currently in a highly illiquid market state, with German sell-offs significantly impacting the price.

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