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Bloomberg expert warns Bitcoin could drop to $10,000 if US market plunges
Mike McGlone, senior commodities strategist at Bloomberg Intelligence, laid out an extreme bearish scenario for Bitcoin. He argues that if the U.S. stock market were to drop roughly 20%, Bitcoin could be dragged down to the $10,000 range.
McGlone notes that Bitcoin has moved in lockstep with the risk-on rally since 2009, meaning a sharp reversal in traditional financial markets could have an outsized impact on BTC.
⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or
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BTC+1.03%
#Bitcoin & HY Credit BTC Cycles 📊
📝 High Yield credit rank has plunged to 15%, flashing an active credit stress signal on the cycle model.
📍 Despite this sharp macro contraction along the purple Halving 4 trajectory, $BTC remains remarkably stable near ~$82K.
💡 Historically, deep credit stress tests speculative liquidity, making structural defense of the ~$80K consolidation floor critical.
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BTC+1.03%
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The Nasdaq fell 4.5% in a week, and the honeymoon period for AI stocks is facing its first real test. Don’t rush to call it a crash. Wall Street hasn’t stopped believing in AI—it’s starting to ask, “When will we get our money back?” That’s only natural. After all these years, position sizing is always more important than calling the market’s direction. Where are you setting your stop-loss? #USStocks
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NAS100+1.99%
From Harare to the world 🇿🇼 We tap at midnight while others sleep. What's your Pi ritual? #PiNetwork #Gateio #Gate60MUsers
#ShareWeekly
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PI-0.81%
Minted a few Trollbox by @strangersolemn on @OrdDropz.
All three Shielded Ordinals collections now secured in my vault. 🤙🔒
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ORDI+2.93%
After taking a close look at CoinGlass liquidation data, Yangyang feels a little bad for the high-leverage traders out there.😭
Over the past 24 hours, about $335 million in positions were liquidated across the market, affecting around 97,568 people.
📉 Long liquidations totaled about $192 million, or 57.3%
📈 Short liquidations totaled about $143 million, or 42.7%
Long liquidations were higher, suggesting longs were under more pressure. Notably, ETH liquidations totaled about $110 million, significantly more than BTC’s $64.2 million.
A high number of liquidations doesn’t mean the market is ab
ETH+1.40%
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MUFG, Japan's largest banking group, is testing onchain Japanese government bond repo on Canton Network. Four MUFG companies, including MUFG Bank, run the pilot with Digital Asset and Progmat.
@CantonNetwork
CC+4.82%
Today's trading results: Trading is really just one word: wait
Don't look at the principal, only the profit
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( new streamer) market overview
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solana:TcnKFgDZc6RhAz83JHHbWeZ5wLc2at8iHK6FhsxkTLh of #gta 6 trying to break out
Maybe 🤔 1-2 more days
TcnKFgDZc6RhAz83JHHbWeZ5wLc2at8iHK6FhsxkTLh
#crypto $sol $btc
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🚨 JUST IN: AnchorWatch Trust Company officially launches as a Nevada state-chartered qualified Bitcoin custodian.
The company says it can offer up to $370 MILLION in insurance coverage per client, backed by Lloyd’s of London syndicates and subject to underwriting approval.
Another step forward for institutional Bitcoin custody.
BTC+1.03%
Exploring DeFi dynamics! 🚀 Below is our current portfolio allocation with a Total Value Locked of $6.8M and an expected APY of 10.60%. 📊 Dive into the data! #Crypto #Trading #Portfolio #DeFi
Ready to start your journey?
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2026.10.20
Daily entry point: 2393
Support levels below: 2385-2380-2370-2360-2350-2340-2330-2320-2315-2300-2290-2280
Resistance levels above: 2400-2410-2420-2430-2450-2460-2470-2480
At all support and resistance levels, stop trading on the first breakout, or buy the rebound if the level holds; once price stabilizes, follow the trend. If price holds above 2400-2430, follow the trend and favor long positions, buying on dips. If 2380 holds, favor long positions near the lows; if 2380 breaks, favor short positions near the highs. If the previous low at 2327-2330 holds, favor long positions near th
BTC+1.03%
10.19 Jin Ce Midnight Gold Review: Gold plunges nearly 50 points from its highs! The 4140 level faces a make-or-break test
Spot gold rose and then fell during the day, climbing in choppy trading in the morning and peaking at 4190, the intraday high, around midday before meeting resistance and pulling back. Sellers accelerated in the evening, breaking through the 4170 and 4150 support levels in succession and dipping to a low of 4141. The short-term pullback was nearly 50 points, with gold now consolidating near the lows around 4144.
Market news: The US Dollar Index rebounded sharply in the sho
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🚨 JUST IN: Ethereum treasury giant Bitmine $BMNR purchases another 12,535 $ETH worth approximately $30.4 MILLION.
The company now holds a massive 6.04 MILLION ETH and could reach its target of owning 5% of Ethereum's total supply in just five weeks if its accumulation pace continues.
ETH+1.34%
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#AltcoinReboundLosesMomentum
The cryptocurrency market is sending an important signal as the recent rebound in altcoins begins to lose momentum. After attempting to recover from previous losses, many alternative cryptocurrencies are struggling to maintain upward pressure. This raises a critical question for traders and investors: Is this merely a temporary pause before another rally, or could the market face renewed selling pressure?
Why Is the Altcoin Rebound Losing Momentum?
One of the key reasons behind a weakening altcoin recovery is the lack of sustained buying demand. A short-term price
BTC+1.03%
$BTC Crypto Circle Academician: 10.20 Bitcoin (BTC)—a fine line between a washout and a reversal; it all depends on whether these moving averages can hold
I’ve noticed something interesting: when the market moves sideways, the chat groups get busier than ever. Some say the bull market is back, some call a double top, and others post screenshots saying they just sold at the absolute bottom. The market itself hasn’t done anything; it’s just sitting still while everyone keeps replaying their own narratives in their heads. I didn’t place any trades today. I just sat in front of the screen and look
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Layout: Bitcoin, Ethereum, Dogecoin
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Tesla Flying Car In Bangladesh🤦‍♂️
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