‘Bitcoin trade is over,’ Bloomberg strategist says in 2026 macro outlook

💡 DMK Insight

McGlone’s bearish stance on Bitcoin isn’t just noise—it’s a signal to watch. With the market still reeling from macroeconomic pressures and regulatory scrutiny, a bearish outlook could lead to increased volatility. If Bitcoin fails to hold critical support levels, we might see a cascade effect impacting altcoins and related assets. Traders should keep an eye on the $25,000 mark; a break below could trigger further selling pressure, while a bounce might indicate a potential reversal. Also, consider the broader implications on the crypto market. If Bitcoin struggles, it could drag down Ethereum and other major altcoins, which often follow Bitcoin’s lead. The sentiment shift could also affect institutional interest, leading to a more cautious approach from large players. Watch for upcoming economic indicators and regulatory news that could influence market sentiment in the near term.