In a recent video analysis from Rakuten Securities' Toushil channel, market expert Yasuo Matsuda examines whether Bitcoin has truly bottomed out or if a second dip is on the horizon. Recording on April 28, 2026, Matsuda breaks down key factors shaping the cryptocurrency's near-term trajectory.
The discussion opens with the geopolitical impact of ongoing tensions in Iran, which have historically influenced risk assets like Bitcoin. Matsuda notes that while some stability has returned, uncertainty remains a drag on investor sentiment.
Beyond geopolitics, Matsuda highlights other crucial drivers: macroeconomic trends, shifts in regulatory stances, and the potential threat of quantum computing to blockchain security. He dedicates a segment to "Quantum Threat," emphasizing that advances in quantum technology could pose risks to Bitcoin's cryptographic foundations, though widespread impact is likely years away.
Technical analysis reveals that Bitcoin's price action has shown signs of stabilization after a steep decline from all-time highs. However, Matsuda warns that certain market anomalies—such as unusual options activity and declining retail interest—suggest the possibility of a second bottom if broader market conditions worsen.
In summary, Matsuda advises a cautious approach. While some indicators point to a potential recovery, the overall environment remains fragile, and investors should stay vigilant for further volatility in May.