Prominent trader Taiki Maeda says the crypto market may have already bottomed, arguing that a new fixed-income product tied to Bitcoin (CRYPTO: BTC) could make further downside increasingly difficult.
‘Bottom Is In’ As Bearish Sentiment Peaks
In his Mar.17 podcast, Maeda noted that market sentiment is extremely bearish, with many traders expecting a final capitulation toward $45,000.
However, he sees this as an overcrowded trade, choosing instead to aggressively accumulate Bitcoin.
His thesis is not based on macro or technicals, but on crypto-native capital flows, which he believes are shifting in a way that supports price stability.
At the center of this view is Strategy (NASDAQ: