‘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:MSTR) and its new fixed-income product STRCH, introduced by Michael Saylor.

The product offers an 11.5% yield, with proceeds used directly to purchase Bitcoin. This creates a reflexive loop – Investors buy…

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