Bitcoin drops below $90K, but traders say ‘max pain’ is needed before a rally

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  • Mar 17, 2025

Bitcoin has fallen below $90,000, but traders like David Gokhshtein see it as a buying opportunity rather than a reason to panic.

Speaking on TheStreet Crypto Roundtable , Gokhshtein made it clear he’s taking advantage of the dip.

“I’m in, I’m going in. I hope it goes lower. There needs to be max pain,” he said. “Get rid of the fickle fans out of this market and allow people like me who love Bitcoin and yourselves to get in.”

Despite the dip, some believe institutional investors and sovereign wealth funds are getting ready to enter the market, potentially tightening supply. Nelson pointed out that while retail investors are largely absent, big money is paying attention.

“Retail’s not in yet,” Gokhshtein agreed. “It’s not the same as it was in ‘17 and ‘21. There’s a lot of debt. You can look it up yourselves—the debt’s at an all-time high.”

He suggested that a major catalyst could be on the horizon, possibly in the form of government stimulus. “This administration will send out some sort of stimulus check,” he said. “Elon’s been talking about $5,000 to every American citizen. If that happens, I believe a lot of these individuals will be coming to participate in all the markets, whether it’s the stock market or the crypto industry.”

Gokhshtein also pointed to the Wall Street Bets movement as an example of how retail investors could re-enter the market in a big way. “Retail came together, they started to beat up on the hedge funds. It was a beautiful moment,” he said. “I believe a second version of that will come.”

With talk of lower interest rates and potential stimulus, he predicts the crypto market will be “rocking and rolling in the next few months.”