36% of investors say Bitcoin’s sharp drop is due to the nomination of a hawkish Fed chair, 37% expect BTC weakness this week

Four out of ten domestic cryptocurrency investors expect the Bitcoin (BTC) market to show weakness this week (February 9–13).

According to a weekly regular survey on domestic investor market trends jointly conducted by CoinNess and Kratos, 34.3% of respondents (36.8% the previous week) predicted that Bitcoin would rise or surge this week. Those expecting sideways movement accounted for 28.8% (33.4% the previous week), while 36.9% (29.8% the previous week) anticipated a decline or sharp drop.

Pessimistic expectations dominated. When asked about market sentiment, the largest share, 38.8%, responded that they felt fear or extreme fear. Those who answered neutral accounted for 32.2%, while 29% said they felt optimism or extreme optimism.

When asked about the cause of Bitcoin’s recent sharp drop, the largest portion, 36.1%, cited the “hawkish Federal Reserve chair nominee under the Trump administration in the United States.” This was followed by 22.6% pointing to a “lack of global liquidity,” 18.2% to “heightened U.S.–Iran tensions in the Middle East,” 13.5% to a “bearish phase in the halving cycle,” and 9.6% to a “technical (chart-based) decline.”

The survey was conducted from February 3 to 6 with 2,000 respondents. The margin of error is ±3.0 percentage points with a confidence level of 95%.

Disclaimer: This article is for investment reference only, and no responsibility is assumed for any investment losses incurred based on it. The content should be interpreted solely for informational purposes.