34% of investors say, “Bitcoin is expected to be strong this week”... 27% say, “US Federal Reserve interest rate cut is needed for BTC to rebound”

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▲ Bitcoin (BTC), Ethereum (ETH) ©Coin Leaders

34% of domestic cryptocurrency investors predicted that the Bitcoin market would be strong this week (July 1 to July 5).

According to a regular weekly survey on domestic investor market trends jointly conducted by Coinness and Kratos, 33.9% of respondents (31.6% the previous week) predicted that Bitcoin would rise or surge this week.

38.5% of respondents expected a sideways trend (38.6% the previous week), and 27.6% (29.8% the previous week) expected a decline and sharp decline.

When asked about market sentiment, the largest number, 48.2%, responded that they were neutral.

The proportion who responded with optimism or extreme optimism was 25.9%, and the proportion who responded with fear or extreme fear was 25.9%.

When asked about the cryptocurrencies they plan to buy this week, the order was Bitcoin, Ethereum, Ripple, Dogecoin, Solana, Milk, Shivanu, Polygon, and Tron, and when asked about the cryptocurrencies they plan to sell, they were Bitcoin and Ethereum. , Ripple, Dogecoin, Milk, Solana, Ethereum Classic, Tron, and Polygon appeared in that order.

When asked about the most necessary good news to reverse the recent weakness in Bitcoin, the largest number of investors, 26.7%, chose 'the start of interest rate cuts by the U.S. Federal Reserve.'

25.4% of respondents answered that Mt. Gox's $9 billion worth of BTC bond repayment adverse factors were resolved, while 24.1% of respondents cited increased stablecoin inflow and easing of U.S. BTC spot ETF fund outflow.

In addition, the number of users who answered that the selling price of miners was easing and that Trump was elected in the US presidential election in November was 17.2% and 6.6%, respectively.

The number of respondents to this survey was 2,000 and it was conducted from June 26th to 28th. The sampling error is ±3.0% and the reliability is 95%. The investigation agency is Pharos Labs.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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