{"id":789,"date":"2026-02-16T22:15:42","date_gmt":"2026-02-16T22:15:42","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=789"},"modified":"2026-02-16T22:15:42","modified_gmt":"2026-02-16T22:15:42","slug":"analyst-says-bitcoin-could-drop-to-10000-dollars-as-crypto-bubble-deflates","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/02\/16\/analyst-says-bitcoin-could-drop-to-10000-dollars-as-crypto-bubble-deflates\/","title":{"rendered":"Analyst Says Bitcoin Could Drop to 10,000 Dollars as Crypto Bubble Deflates"},"content":{"rendered":"\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"701\" height=\"438\" data-id=\"790\" src=\"https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/02\/IMG_1385-2.jpeg\" alt=\"\" class=\"wp-image-790\" srcset=\"https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/02\/IMG_1385-2.jpeg 701w, https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/02\/IMG_1385-2-300x187.jpeg 300w\" sizes=\"auto, (max-width: 701px) 100vw, 701px\" \/><\/figure>\n<\/figure>\n\n\n\n<p>Bloomberg Intelligence senior commodity strategist Mike McGlone has cautioned that Bitcoin could retreat toward 10,000 dollars if broader financial market stress continues. He views the current decline as part of a wider unwinding of risk assets tied to equities, volatility cycles, and tightening liquidity.<\/p>\n\n\n\n<p>McGlone points to several macroeconomic signals, including US stock market capitalization relative to GDP at historic highs, unusually low six month volatility in the S&amp;P 500 and Nasdaq 100, and a rapid rise in gold and silver reminiscent of moves seen decades ago. He argues that if equities reverse sharply, Bitcoin could follow. In his base case, a pullback in the S&amp;P 500 toward 5,600 could correspond with Bitcoin falling near 56,000 dollars, with deeper losses possible if stocks reach a major peak.<\/p>\n\n\n\n<p>Recent performance data highlights growing pressure. Bitcoin has fallen about 2 percent in the past day and nearly 28 percent over the past month, with six month losses close to 39 percent. Futures trading volume and open interest remain elevated at around 44 billion dollars, signaling heavy derivatives activity during the downturn. A CryptoQuant report noted that roughly 43 percent of Bitcoin\u2019s circulating supply is currently at a loss, while the Fear and Greed Index has dropped to 8, a level associated with previous crisis periods.<\/p>\n\n\n\n<p>Despite these bearish signals, accumulation trends offer a counterpoint. CryptoQuant data shows long term accumulator addresses are purchasing approximately 372,000 BTC per month, a sharp increase from late 2024 levels. These wallets typically show no outflows and multi year holding patterns, suggesting strategic positioning rather than short term speculation.<\/p>\n\n\n\n<p>Institutional participation also remains visible. Binance recently converted its 1 billion dollar SAFU reserve fully into Bitcoin, holding about 15,000 BTC. Regulatory filings indicate Goldman Sachs maintains exposure to 13,740 BTC through spot exchange traded funds, despite a decline in market value.<\/p>\n\n\n\n<p>Some analysts have also observed that Bitcoin has been moving in tandem with pressured technology stocks, particularly those affected by artificial intelligence disruption. This correlation suggests that investors with exposure to both sectors may be selling crypto assets to raise liquidity amid broader market uncertainty.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg Intelligence senior commodity strategist Mike McGlone has cautioned that Bitcoin could retreat toward 10,000 dollars if broader financial market stress continues. He views the current&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-789","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=789"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/789\/revisions"}],"predecessor-version":[{"id":791,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/789\/revisions\/791"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}