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Bitcoin has recently received one of its most severe alerts to date. A prominent strategist is labeling this as a collapsing bubble, suggesting a possible decline toward the $10,000 mark.
This scenario would indicate an approximate 85% decrease from current values. While this may seem unimaginable to many, it is a situation that cannot be overlooked, especially when articulated by seasoned market experts.
Bitcoin (BTC)24h7d30d1yAll time
Is the Bubble Finally Bursting?
Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, does not view this as a healthy correction. He asserts that the cryptocurrency narrative requires a reality check.
In his perspective, capital is shifting towards the so-called AI scare trade, moving away from digital currencies.
Collapsing Bitcoin/Cryptos May Guide the Next Recession –
“Healthy Correction” is what we should hear soon from stock market analysts (who risk unemployment if not onboard), following collapsing cryptos. The buy the dips mantra since 2008 may be over, here’s why:
– US stock… pic.twitter.com/fPPc2fV3EU— Mike McGlone (@mikemcglone11) February 15, 2026
McGlone characterizes it as a post-inflation deflation cycle. As inflation diminishes, the most speculative assets typically feel the impact first.
He also notes Bitcoin’s close relationship with technology stocks. This correlation was once beneficial; however, it now poses a risk. If technology faces pressure from fears surrounding AI disruption, cryptocurrencies could be adversely affected as well.
Bitcoin Price “Possible” Path to $10,000
The figures are not reassuring. McGlone identifies $64,000 as the critical threshold at present.
If Bitcoin’s price falls below this level, he believes it could lead to a significantly deeper deflationary decline, potentially reaching $10,000.
Technical breakdowns can hasten downward momentum, but forecasting a drop from $64,000 to $10,000 suggests a comprehensive macro reset akin to 2018 or 2022. Those instances were driven by forced deleveraging events and systemic liquidity shocks, conditions that are not currently observable in credit markets.
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Source: BTCUSD / TradingView
Approximately $678 million exited Bitcoin ETFs in February, extending a multibillion-dollar selloff that began in November. Nevertheless, ETF positioning should be considered in context.
Total assets under management across major vehicles remain considerably higher than levels prior to approval. A multi-billion-dollar unwind would be more alarming if it completely erased previous inflows — which has not happened.
Some on-chain models suggest a more moderate bear market floor around $55,000. However, McGlone’s thesis anticipates a more severe unwind.
He also points out significant profit-taking in gold and silver, contending that liquidity is being withdrawn from risk assets broadly. In such an environment, Bitcoin would not be exempt.
It is crucial to recognize that Mike McGlone holds a predominantly bearish stance on Bitcoin. He has accurately predicted some long-term upside milestones in the past, but his Bitcoin-specific forecasts have largely not materialized on schedule, or at all.
Mike McGlone Can’t Say The Same About Bitcoin Hyper
Bitcoin remains reliant on macro liquidity, ETF flows, and its correlation with technology. When these factors fluctuate, prices stagnate. Momentum diminishes. Traders remain on the sidelines.
Bitcoin Hyper ($HYPER) operates differently.
This Bitcoin-centric Layer-2, utilizing Solana technology, enhances speed, reduces fees, and provides genuine on-chain utility without compromising Bitcoin’s core security. It is designed for active engagement, not merely holding through volatility.
Moreover, momentum is already building. The Bitcoin Hyper presale has garnered over $31 million to date, with $HYPER priced at $0.0136751 before the next increase. Staking rewards currently reach as high as 37%.
If Bitcoin spends months deliberating whether $64K will hold or fall, Bitcoin Hyper is positioned to advance irrespective of that macro uncertainty.
Visit the Official Bitcoin Hyper Website Here
The post This Top Analyst Warns Bitcoin Price Could Fall to $10,000 as Bear Market Deepens appeared first on Cryptonews.
