PANews reported on February 8 that according to Cointelegraph, Bitwise Chief Investment Officer Matt Hougan said in a February 7 post on X: "There is a huge disconnect between the sentiment of retail and professional investors in the current cryptocurrency market. Retail investor sentiment is the worst in many years, while professional investors are unusually optimistic. It's like living in two completely different worlds." The Crypto Fear and Greed Index, which measures the overall sentiment of the cryptocurrency market, shows that the current "fear" score is 44, down 25 points from last month's "greed" score of 69.

James Seyffart, an ETF analyst at Bloomberg, said the index fell "because retail investors hold a lot of altcoins and meme coins, etc., which have performed very poorly recently."