This Top Analyst Warns Bitcoin Price Could Fall to $10,000 as Bear Market Deepens

2026-02-16 15:15:47

Bitcoin just got hit with one of its most extreme warnings yet. A well known strategist is calling this an imploding bubble, with a potential slide toward $10,000 price point.

That would mean roughly 85% downside from current levels. A scenario that sounds unthinkable to many, but impossible to ignore when it is coming from experienced market voices.

Bitcoin (BTC)24h7d30d1yAll time## Is the Bubble Finally Bursting?

Mike McGlone, senior commodity strategist at Bloomberg Intelligence, is not calling this a healthy pullback. He says the crypto story needs a reality check.

In his view, capital is rotating into the so called AI scare trade and away from digital assets.

McGlone describes it as a post inflation deflation cycle. When inflation fades, the most speculative assets usually feel it first.

He also points to Bitcoin’s tight link with tech stocks. That correlation used to help. Now it is a risk. If tech gets pressured by AI disruption fears, crypto can get dragged down with it.

Bitcoin Price “Possible” Path to $10,000

The numbers are not comforting. McGlone points to $64,000 as the key level right now.

If Bitcoin price closes below that level, he believes the door opens to a much deeper deflationary slide, potentially all the way toward $10,000.

Technical breakdowns can accelerate downside momentum, but projecting a drop from $64,000 to $10,000 implies a full macro reset comparable to 2018 or 2022. Those episodes were driven by forced deleveraging events and systemic liquidity shocks, conditions not currently evident in credit markets.

Roughly $678 million left Bitcoin ETFs in February, extending a multibillion dollar selloff that started in November. Still, ETF positioning must be viewed in context.

Total assets under management across major vehicles remain significantly higher than pre-approval levels. A multi-billion-dollar unwind would be more concerning if it erased the entirety of prior inflows — which has not occurred.

Some on chain models place a more moderate bear market floor near $55,000. But McGlone’s thesis assumes a harsher unwind.

He also highlights aggressive profit taking in gold and silver, arguing that liquidity is being pulled from risk assets broadly. In that kind of environment, Bitcoin would not be immune.

It is important to note that Mike McGlone is mostly bearish on Bitcoin. He has been accurate on some longer-term upside milestones in the distant past, but his Bitcoin-specific predictions have mostly not come true on schedule, or at all.

Mike Mcglone Can’t Say The Same About Bitcoin Hyper

Bitcoin still depends on macro liquidity, ETF flows, and correlation with tech. When those wobble, price grinds. Momentum fades. Traders wait.

Bitcoin Hyper ($HYPER) is built differently.

This Bitcoin-focused Layer-2, powered by Solana technology, adds speed, lower fees, and real on-chain utility without changing Bitcoin core security. It is designed for activity, not just holding through volatility.

And traction is already building. The Bitcoin Hyper presale has raised over $31 million so far, with $HYPER priced at $0.0136751 before the next increase. Staking rewards currently reach up to 37%.

If Bitcoin spends months debating whether $64K holds or collapses, Bitcoin Hyper is positioned to move regardless of that macro noise.

Visit the Official Bitcoin Hyper Website Here

Trending News RecommendedPopular Crypto TopicsPrice Predictions

Elon’s Grok AI Predicts the Price of XRP, Cardano and Bitcoin By the End of 2026
Bitcoin Price Prediction: Billion-Dollar Firm Says BTC is Acting Like a Growth Stock – Is That Good or Dangerous for You?
XRP Price Surges as Ripple CEO Takes Role Influencing Crypto Regulation
XRP Price Prediction: Ripple’s Executive Criticises Bitcoin’s Technology – Can XRP Overtake BTC?
Bitcoin Price Slides After US Admits Nearly 1 Million ‘Phantom’ Jobs in Data Revision

Industry Talk

Best Crypto to Buy Now February 13 – XRP, Solana, PEPE

2026-02-13 22:35:00, by Tim Hakki

Bitcoin News

Dutch Lawmakers Advance 36% Capital Gains Tax on Crypto

2026-02-14 09:23:00, by Amin Ayan

Altcoin News

Binance XRP Reserves Drop to 2024 Lows as Traders Eye Accumulation Signal

2026-02-15 13:46:04, by Ahmed Balaha

Best Crypto to Buy Now in February 2026 – Top Crypto to Invest In

2026-02-04 14:48:18, by Alan Draper

New Cryptocurrencies to Invest in Today – Top New Crypto Coins

2026-02-06 16:04:10, by Ines S. Tavares

9 Best Crypto Presales in February 2026

2026-02-16 07:48:39, by Alan Draper

8 New & Upcoming Coinbase Listings in February 2026

2026-02-09 09:19:00, by Ilija Rankovic

10 New & Upcoming Binance Listings in 2026

2026-02-09 12:11:58, by Ilija Rankovic

What Is the Next Crypto to Explode in 2026? Our Top Picks

2026-02-06 00:22:23, by Ilija Rankovic

Bitcoin (BTC) Price Prediction 2026, 2027 – 2030

2026-02-16 07:30:00, by Leon Waters

XRP (XRP) Price Prediction 2026, 2027 – 2030

2026-02-16 07:30:00, by Ihssan El Medkouri

Ethereum Price Prediction 2026, 2027 – 2030

2026-02-16 07:30:00, by Alan Draper

BTC5,81%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.