According to Michaël van de Poppe, the current sentiment in the Bitcoin market is that of a final shakeout, where a large majority believes the market is experiencing a recession and early-peak top. However, van de Poppe suggests that this sentiment may precede a significant upward move in Bitcoin's price. Traders should be prepared for potential volatility and consider this as a possible buying opportunity before a big run. This perspective aligns with historical patterns where bearish sentiment often precedes major rallies in cryptocurrency markets.