A senior strategist at Bloomberg Intelligence has warned that Bitcoin may face a severe crash in the direction of $10,000 as world markets present indicators of stress much like previous monetary crises.
abstract
- Bloomberg analysts warned that Bitcoin value may fall in the direction of $10,000.
- This name is expounded to market stress and decreased liquidity.
- Bitcoin is buying and selling close to $63,000 after latest losses.
Mike McGlone, senior product strategist at Bloomberg Intelligence, shared his outlook in a latest social media publish in early February 2026, evaluating the present state of affairs to the 2008 monetary disaster and the 2000-2001 dot-com recession.
On the time of writing, Bitcoin was buying and selling round $63,000 after falling to round $60,000 on February fifth. The asset has fallen almost 50% since its 2025 peak of greater than $126,000. Huge liquidations, exchange-traded fund withdrawals, and declining threat urge for food are rising strain on the crypto market.
McGlone hyperlinks Bitcoin threat and macro stress
McGlone stated 2026 will likely be a troublesome 12 months for merchants attributable to decrease liquidity, slower development and fewer hypothesis.
In a latest commentary, he pointed to what he described as “post-inflationary deflation,” cuts in central financial institution help, and years of aggressive risk-taking that at the moment are unwinding. He additionally cited potential modifications in U.S. financial coverage, together with hawkish appointments and slower price cuts, as elements limiting liquidity.
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McGlone stated the state of affairs is much like the interval previous main asset crashes previously. In that context, he stated Bitcoin may revisit ranges close to $10,000, which might signify an additional decline of greater than 85% from its present value.
He has issued related warnings earlier than. In late 2025, McGlone expressed concern about bubble-like habits in cryptocurrencies and warned of a significant correction. Whereas his earlier feedback did not fairly work, his newest feedback tie the chance extra on to broader market weak spot.
McGlone additionally highlighted what he known as a “nice reversal” after continued ETF outflows, declining speculative exercise, and years of straightforward cash and rising asset costs.
Indicators of capitulation improve near-term uncertainty
Different analysts see rising proof that the market is coming into a capitulation section, even when they do not agree with McGlone’s excessive draw back targets.
Jamie Coutts, a crypto market analyst at Actual Imaginative and prescient, stated in a February 6 publish on X that strain is constructing within the derivatives and spot markets. He famous that Bitcoin’s implied volatility index reached 88.55, near the 105 degree recorded through the FTX collapse.
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1. Bitcoin Implied Volatility (BVIV) is 88.55, near the FTX collapse peak of 105 (h/t @volmexfinance)
2. Coinbase’s eighth largest buying and selling day in historical past by USD worth ($3.34 billion). Roughly $62,000, which works out to roughly $54,000 $BTC… pic.twitter.com/rWt979a4SS
— Jamie Coutts CMT (@Jamie1Coutts) February 6, 2026
Coutts additionally identified that Coinbase had the eighth-highest each day buying and selling quantity in historical past at $3.34 billion, or about 54,000 trades. $BTCas merchants rushed to reposition their positions. On the identical time, the each day relative energy index fell to fifteen.64, under ranges seen through the pandemic crash in March 2020.
“The present margin calls and compelled liquidations are basic capitulation conditions,” Coutts wrote, including that market bottoms are sometimes fashioned over days or perhaps weeks quite than a single commerce.
Based mostly on historic averages and precise value ranges, some analysts declare that Bitcoin may discover help within the $50,000 to $60,000 vary. Some imagine the present decline is just not the start of an entire collapse, however quite a reset following a pointy rise in 2024 and 2025.
Nonetheless, the dangers are nonetheless excessive. If costs fall once more, massive company holders, mining corporations and extremely leveraged merchants may very well be uncovered to additional pressure. As markets search stability, merchants are bracing for extra volatility within the coming weeks attributable to restricted liquidity and waning confidence.
learn extra: US Treasury Secretary says Washington can not bail out Bitcoin or order banks to purchase it
