Tale Of Two Worlds: Public Interest Is At An All-Time-Low But Experts Believe Otherwise. See What Bitwise CIO Has To Say.

The week has not been kind to crypto. A lot has happened since the skies started becoming cloudy with the fear of a trade war. As a result, there have been some massive fluctuations in the prices of crypto. This catapulted the industry into a panic, followed by a massive liquidation event.  Billions of digital assets were dumped by investors, and this affected the pricing as well.  

Bitwise’s CIO, Matt Hougan, took notice of the market and said that the crypto sentiments are “the worst it’s been in years.” This statement came at a time when crypto sentiments were already falling. The overall Greed Index is rapidly falling and nearing the ‘Fear ’ score of 44. This shows investors are unwilling to pin their faith on a financial institution like crypto.  

Hougan also noticed that whales and experienced crypto investors see this as an opportunity. Many well-known crypto experts like Richard Teng and Jeff LaBerge believe that the current situation is under control and that digital assets might double their prices in the upcoming months. However, the retail interest in crypto is sinking and is currently at an all-time low.  Meanwhile, some believe that this varies from token to token. 

Sinking Retail Sentiment For Crypto 

In a recent post by Matt Hougan on X, the expert wrote, “There is an absolutely massive disconnect between retail and professional sentiment in crypto right now.” In other words, new people are iffy about entering the arena while professionals are ready for the long game. He added, “Retail sentiment is the worst it’s been in years, while professional investors are extraordinarily bullish. It’s like living in two completely separate worlds.” 

The stats also reflect the same. Currently, the Crypto Fear and Greed Index shows that the overall market sentiment is standing at a Fear Score of 44. This is a drastic downstep from last month’s Greed Score of 69. This sharp decline of 25 points in a month is significant. It shows the dwindling rate of public involvement in crypto as an investment means.  

Bloomberg ETF analyst Hames Seyffart has his take on the matter. According to Seyyfart, “because retail is holding a ton of altcoins and memecoins etc that are down really bad.” Therefore, Seyyfart’s take is that the general public is holding unstable memecoins that are sinking fast. As a result, the general rate also goes down.  

All in all, long-term traders and experts might feel like the market is providing opportunity, but the general public believes otherwise. Follow for more crypto news.