Crypto investors are still rattled by uncertainty, even as Bitcoin maintains its bullish structure

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Crypto investors are still rattled by uncertainty, even as Bitcoin maintains its bullish structure, according to LunarCrush CEO Joe Vezzani.

Speaking with TheStreet Roundtable’s Rob Nelson, Vezzani noted that despite Bitcoin’s resilience, sentiment in the market remains at its lowest levels since it hit $54,000.

“Sentiment is extremely low in the market right now on Bitcoin and then also on the rest of the altcoin market,” Vezzani said. He pointed out that many investors still react emotionally, buying when prices are high and selling in panic when prices drop. “I always tell people just have a rule of thumb to only buy on red days. You’re always going to do better.”

89 out of the top 100 coins in the last 90 days are down. Some are down 40%, 50%, even 70%, while Bitcoin is in a completely bullish structure.”

Despite the grim sentiment, Vezzani cautioned that crypto markets can move quickly. “You could have three weeks of just an absolute tear in price, and you completely missed out,” he said. He advised viewers to start dollar-cost averaging if they have remaining capital.