Korean Crypto Investor Survey Shows Divided Bull Market Outlook
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A new survey of 2,000 Korean crypto investors shows 34.3% remain bullish on the market. However, sentiment is divided, with 23.2% believing a bear market has already started. Many bullish respondents expect only Bitcoin to lead a recovery, not the broader altcoin market. A new survey of South Korean crypto investors reveals a divided but cautiously optimistic outlook on the market, even after a recent price pullback triggered by the escalating war between Israel and Iran. The survey shows that 34.3% of respondents believe the current crypto bull run will continue despite the geopolitical turmoil. They believe the latest pullback in crypto prices is temporary and does not define the overall market trend. The survey involved 2,000 respondents, including 1,506 males and 494 females. Related: Top Cryptos Decline Massively as Israel-Iran War Escalates With the US Involvement Survey Reveals Divided Outlook on Market Recovery Although 34.3% of the respondents believe that the bull run is not over and the market will resume upwards after the initial stages of the war, only 29.2% expect a broad market rally to happen. This category of respondents believes that Bitcoin will lead the rally and other cryptocurrencies will follow. A Split Between Bitcoin and Altcoin Sentiment Meanwhile, 13.3% of Korean crypto investors who participated in the survey do not see altcoins recovering from the pullback before sliding into a bear market. They think that only Bitcoin can initiate a comeback after the latest pullback. Related: Bitcoin Price Prediction: Can BTC Reclaim the $103K Level After Sharp Rebound? The remaining 23.2% of survey respondents have given up on the bull run. They believe the effects of the war have plunged cryptocurrencies into a bear market, and the prices will drop further in the future. Market Context: Pullback From Recent Highs Bitcoin slid below the $100,000…
Filed under: News - @ June 23, 2025 5:22 pm