Is the crypto bull market over? Retail sentiment is ‘worst it’s been in years’

As the crypto markets stall and the fear and greed index hits a low of 35, many investors are wondering if the crypto bull market is over as desperate traders hang on for a long-awaited “Alt Season.”

But with a pro-crypto president in the White House issuing executive orders to investigate a strategic bitcoin reserve, a sovereign wealth fund, and overhauling the SEC with ‘crypto Mom’ Hester Pierce in charge of its new Crypto Task Force, why isn’t the market reacting to this bullish news?

Crypto Banter’s Ran Neuner posted:

“Market exhaustion is a real thing. The altcoin market is totally exhausted! All buyers are fully deployed. All speculators are blown up. All narratives are fully priced in. Bitcoin flows remain confined and no longer filter into Alts. The only thing that could push this market higher is a fed pivot or some Trump action that increases liquidity!”

Bitwise CIO Matt Hougan commented:

“There is an absolutely massive disconnect between retail and professional sentiment in crypto right now. 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.”

Bloomberg analyst James Seyffart pointed out, “Feel like its because retail is holding a ton of alt coins and memecoins etc that are down really bad,” while ‘El Presidente’ Dave Portnoy didn’t hold back in his message to altcoin traders:

“To all the shitcoiners crying right now. We all know the rules. We’re all trying to make a buck. Nobody is misleading anybody. If you are buying and selling shitcoins you should be prepared to lose your investment. It’s a risk.”