Over the past two weeks, Bitcoin and the broader crypto market have seen a slight recovery. However, Crucible Capital General Partner Meltem Demirors struck a cautious tone on the future of the crypto rally. In an interview on Bloomberg on March 25, Demirors addressed everything from trading volumes and ETF inflows to concerns about “hidden leverage” in the crypto ecosystem. “It’s a tale of two cities. Sentiment is positive. You see a lot of enthusiasm about the Trump administration policy direction,” she said, referencing the renewed buzz around crypto in political rhetoric. “But if we look at markets, volumes are abysmal. We’re back to trading levels we saw pre-election.” While media coverage surrounding pro-crypto signals from President Trump and World Liberty Financial has created a burst of excitement, Demirors highlighted the need to separate hype from tangible market activity. She noted that so far, the data suggest limited buying pressure—raising serious questions about where any lasting bid for Bitcoin and other crypto assets will come from. Related Reading: Crypto Braces For April 2 — The Most Crucial Day Of ..
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