40% of domestic investors anticipate Bitcoin surge next week, survey reveals
CryptoNewsTerminal Staff11 Aug, 2024
40% of domestic investors anticipate Bitcoin surge next week, survey reveals
According to a weekly survey on domestic investment trends jointly conducted by Coinnis and Kratos, 40.1% of respondents predicted that Bitcoin will rise or surge next week. Expectations remain largely the same compared to the previous cycle, although the gap between the proportion of respondents predicting various market movements declined. Sentiment analysis revealed that 43.2% remained neutral, while optimism stood at 27.5% and fear at 29.3%. Notably, when asked about their response to the market crash on August 5, 40% of investors indicated that they "waited and watched without buying or selling." This was followed by 32% who bought the dip, anticipating a V-shaped recovery, and 28% who reduced their positions, expecting further declines. Overall, the survey provides insights into the sentiment and expectations of domestic investors towards Bitcoin's short-term price movements. ---
