{"id":71094,"date":"2026-04-14T00:53:15","date_gmt":"2026-04-14T00:53:15","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/strategist-sees-bitcoin-bear-signals-warns-crypto-bust-could-push-btc-to-10k-markets-and-prices-bitcoin-news\/"},"modified":"2026-04-14T00:53:15","modified_gmt":"2026-04-14T00:53:15","slug":"strategist-sees-bitcoin-bear-signals-warns-crypto-bust-could-push-btc-to-10k-markets-and-prices-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/strategist-sees-bitcoin-bear-signals-warns-crypto-bust-could-push-btc-to-10k-markets-and-prices-bitcoin-news\/","title":{"rendered":"Strategist Sees Bitcoin Bear Signals, Warns Crypto Bust Could Push BTC to $10K \u2013 Markets and Prices Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><strong>Key Takeaways:<\/strong><\/p>\n<ul>\n<li> <span>Bitcoin<\/span> faces bear signals as Bloomberg\u2019s strategist flags high correlation with equities.<\/li>\n<li>Forecast sees <span>BTC<\/span> dropping toward $10K as <span>liquidity<\/span> conditions tighten further.<\/li>\n<li> <span>Crypto<\/span> markets risk a broader bust as McGlone cautions excess supply pressures valuations.<\/li>\n<\/ul>\n<h2> <span>Bitcoin<\/span> Slides Into Bear Territory as Strategist Highlights <span>Crypto<\/span> Bust Dynamics<\/h2>\n<p>Elevated <span>volatility<\/span> and rising correlation with equities are undermining <span>bitcoin<\/span>\u2019s diversification appeal, signaling mounting pressure across <span>crypto<\/span> markets. Bloomberg Intelligence senior commodity strategist Mike McGlone analyzed these trends on April 12, focusing on Blackrock\u2019s Ishares <span>Bitcoin<\/span> Trust ETF (IBIT) and its performance since launch. The findings suggest weakening risk-adjusted returns amid broader market integration, raising questions about institutional expectations tied to exchange-traded fund adoption.<\/p>\n<p>McGlone stated on social media platform X:<\/p>\n<blockquote>\n<p>\u201cThe <span>crypto<\/span> <span>bear market<\/span> may be in its early days if performance since <span>bitcoin ETFs<\/span> began trading in January 2024 is a guide.\u201d<\/p>\n<\/blockquote>\n<p>His accompanying chart compares IBIT with the State Street SPDR S&amp;P 500 ETF Trust (SPY), highlighting relative performance differences following the launch of spot <span>bitcoin<\/span> exchange-traded funds. The comparison underscores McGlone\u2019s broader argument that <span>bitcoin<\/span> exposure has not delivered sufficient risk-adjusted returns despite increased institutional access. However, broader 2026 data indicates IBIT has returned approximately +54% since launch, outperforming the S&amp;P 500\u2019s +42% gain, suggesting absolute returns have remained competitive even as <span>volatility<\/span> stays elevated.<\/p>\n<p>The data further reveals elevated <span>volatility<\/span> alongside closer alignment with equities. McGlone explained: \u201cWhat\u2019s notable is roughly the same bitcoin-to-beta total return came with about 4x the <span>volatility<\/span>, and the 200-day correlation near 0.5. High <span>volatility<\/span> and correlation, absent superior returns, typically top the list of things to avoid in proper diversification.\u201d This implies bitcoin-linked exposure has delivered comparable returns to broader markets but with significantly higher <span>volatility<\/span>, while the correlation near 0.5 reflects reduced diversification benefits. As a result, <span>bitcoin<\/span> appears to be trading more like a high beta risk asset rather than a traditional hedge, particularly during periods of macro uncertainty.<\/p>\n<figure id=\"attachment_805884\" aria-describedby=\"caption-attachment-805884\" style=\"width:781px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-805884\" class=\"wp-caption-text\">Bloomberg Strategist McGlone\u2019s chart showing potential <span>bitcoin<\/span>, <span>crypto<\/span> <span>bear market<\/span>.<\/figcaption><\/figure>\n<p>Despite recent declines from the 2025 peak near $126,000, <span>bitcoin<\/span> trades around $71,883 as of this writing and has gained roughly 5.6% over the past two weeks, indicating consolidation rather than a confirmed bear phase. The chart further shows IBIT price swings from peaks above 60 to lows near 30, reinforcing unstable performance. Short-term downside pressure also coincided with a broader macro shock tied to a U.S. naval blockade in the Strait of Hormuz, which impacted global risk assets, including equities and <span>crypto<\/span>.<\/p>\n<h2> <span>Bitcoin<\/span> Valuation Reset Risks Deepen Amid <span>Liquidity<\/span> Shift<\/h2>\n<p>McGlone\u2019s long-standing $10,000 <span>BTC<\/span> projection is based on a mean reversion model that views the post-2020 surge as a liquidity-driven anomaly, with the pre-pandemic range acting as a fundamental anchor supported by futures era pricing trends. He also points to a \u201clop off a zero\u201d reset from prior six-figure expectations and highlights dilution from millions of competing tokens, comparing current conditions to the dot-com unwind. As correlation with equities rises, he argues <span>bitcoin<\/span>\u2019s weak diversification profile may shift capital toward <span>gold<\/span> and U.S. Treasuries, particularly in a deflationary cycle where traditional safe havens outperform, reinforcing the case for a broader valuation reset amid tightening financial conditions.<\/p>\n<p>Despite this outlook, <span>bitcoin<\/span> remains well above previously identified breakdown levels, supported by reduced post-halving supply of 450 <span>BTC<\/span> per day, exchange reserves near a 10-year low of 2.1 million coins, and more than $54 billion held within IBIT, signaling stronger structural demand than earlier market cycles.<\/p>\n<p>The strategist maintained a <span>bearish<\/span> outlook, concluding:<\/p>\n<blockquote>\n<p>\u201cMy bias is the <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> bust may be just beginning. There was one in 2009 \u2014 <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> \u2014 and now there are millions, most tracking little of substance yet still valued in the billions. <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin<\/a> may revisit $10,000, especially if beta declines.\u201d<\/p>\n<\/blockquote>\n<p>His view reflects concerns about excess token supply, fragile valuations, and tightening <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-liquidity\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">liquidity<\/a>. While institutional infrastructure continues to expand, current metrics suggest the asset class remains vulnerable to broader financial market cycles and shifting investor risk tolerance.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/strategist-sees-bitcoin-bear-signals-warns-crypto-bust-could-push-btc-to-10k\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways: Bitcoin faces bear signals as Bloomberg\u2019s strategist flags high correlation with equities. Forecast sees BTC dropping toward $10K as liquidity conditions tighten further. Crypto markets risk a broader bust as McGlone cautions excess supply pressures valuations. Bitcoin Slides Into Bear Territory as Strategist Highlights Crypto Bust [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":71095,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71094"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=71094"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/71094\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/71095"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=71094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=71094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=71094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}