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Bloomberg Strategist: After Bitcoin's big rally last year, it pulled back; commodities like crude oil may face similar risks this year
ME News Report, April 13 (UTC+8), Bloomberg senior commodities strategist Mike McGlone posted on the X platform that Bitcoin experienced a sharp correction after a significant rise in 2025. Currently, silver, gold, copper, natural gas, and the most critical crude oil may enter the “overbought” zone before the end of 2026, and face similar correction risks. Generally speaking, assets that rise rapidly are supported by fundamentals, but at the same time, they also incentivize increased supply and suppress demand, ultimately leading to a price reversal. Among them, the rapid surge in crude oil prices is often “destructive,” historically triggering chain reactions in markets or the economy. (Source: ODAILY)