Bloomberg man Mike McGlone tok say Bitcoin fit drop under $10,000 — Him advise make dem sell when e rally
Bloomberg Intelligence senior commodity strategist Mike McGlone don hold one deep bearish view for Bitcoin (BTC) again, him yan tell people for YouTube interview say BTC fit still drop under $10,000 if global risk assets dem get serious repricing. McGlone blame the long bear market on too much speculative supply and weak macro, and him advise traders make dem "sell the rallies." Plenty market analysts push back: Quantum Economics founder Mati Greenspan talk say drop to $10K no realistic unless global liquidity collapse wey never happen before or gbege wey catastrophic; AdLunam cofounder Jason Fernandes talk say if e fall reach about $28,000 e don already show major liquidity tightness or systemic credit stress; PrimeXBT analyst Jonatan Randin expect gradual downtrend with accumulation zone around $30K–$40K and short-term oscillation between $60K–$70K, him see sub-$10K outcome as very unlikely. For the time of report BTC dey trade near $69.5K–70K, with altcoins like ETH, SOL and XRP still strong. Key takeaways for traders: McGlone warning dey reinforce macro-driven tail-risk story and e advise defensive positioning (sell into sharp rallies and watch liquidity indicators), but most analysts rate collapse to $10K as extremely low probability unless catastrophic global events happen. Expect continued volatility and possible short-term pullbacks; risk management and attention to macro liquidity still central for trading decisions.
Bearish
Di tin nasin din news bad for BTC price sentiment because one high-profile Bloomberg strategist tok say deep downside tail-risk (below $10K) again and advise make we sell when e rally. That message fit make traders fear risk small-time, make dem take profit when rally, and make demand rise for hedges or short positions. But other analysts debate say big crash no too likely because liquidity don improve (spot ETFs, institutional flows) and dem see accumulation zones for $30K–$40K or e fit dey oscillate between $60K–$70K. So expect more volatility: short-term bearish pressure on rallies and more defensive positioning, but no immediate collapse unless serious macro or liquidity shock occur. Traders suppose dey watch macro liquidity indicators, funding rates, ETF flows, and on-chain speculative supply to time entries and manage risk.