Bitwise CIO: Currently, retail crypto investors are in a low mood, but professional investors are extremely optimistic about the market
on February 8th, Bitwise's Chief Investment Officer Matt Hougan stated that there is a huge disparity in sentiment between professional and retail investors in the cryptocurrency market. Retail investor sentiment is at its lowest level in years, while professional investors are extremely bullish on the market. The cryptocurrency fear and greed index shows that the index has dropped 25 points from 69 (greed) last month to 44 (fear). Bloomberg ETF analyst James Seyffart pointed out that this is because retail investors hold a large amount of poorly performing altcoins and meme coins. Data shows that the top three meme coins by market capitalization have all dropped more than 20% in the past seven days, with Pepe dropping 35.31%, Shiba Inu dropping 20.82%, and Dogecoin dropping 24.69%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Daily: Trump to tap a16z's Brian Quintenz for CFTC chief, Elon Musk-related memecoin dumps and more
President Trump plans to nominate Brian Quintenz, head of global policy at venture capital firm a16z crypto, to chair the Commodity Futures Trading Commission, Bloomberg reported, citing a document sent by the White House to Capitol Hill.Elon Musk’s latest profile change on X to “Harry Bōlz” triggered another memecoin pump-and-dump frenzy.
Meta pursues South Korean AI chip maker to address Nvidia supply crunch
Share link:In this post: Meta is in advanced talks to acquire South Korean AI chip startup FuriosaAI to reduce reliance on Nvidia amid rising demand for AI chips. FuriosaAI’s RNGD chip claims 3x better performance per watt than Nvidia’s H100, with mass production set for late 2024. OpenAI accelerates chip plans, aiming to mass-produce its first AI chip by 2026 to reduce Nvidia dependence and maintain market competitiveness.
Ex-Activision boss Bobby Kotick wanted a Jurassic Park game so badly
Share link:In this post: Activision Blizzard’s founder and former CEO revealed that he proposed to Spielberg for the Jurassic Park Video game rights. The founder said he read the manuscript before the movie was released and thought it would be a great video game idea. The former boss also expressed frustration with the Warcraft movie, saying the project was a distraction.
Trending news
MoreCrypto prices
More
