According to online reports, Matt Hougan, chief investment officer of Bitwise, said that there is currently a huge divergence of emotions between professional investors and retail investors in the crypto market. Retail sentiment is at its lowest level in years, while professional investors are extremely bullish on the market. The Crypto Fear and Greed Index showed that it fell 25 points to 44 (Fear) from 69 (Greed) in the previous month. Bloomberg ETF analyst James Seyffart pointed out that this is because retail investors hold a large number of altcoins and memocoins that have fallen severely. Data shows that the top three minocoins in market value have all fallen by more than 20% in the past seven days, with Pepe down 35.31%, ShibaInu down 20.82%, and Dogecoin down 24.69%.