Mike McGlone Warns Bitcoin Could Face Sharp Reversal
- —McGlone sees Bitcoin trapped between $100,000 and a possible return to $60,000
- —The 10-year Treasury yield near 5% gives institutions an income alternative to BTC
- —Ki Young Ju expects a 3x–5x cycle instead of 10x, citing larger market size
- —U.S. spot Bitcoin ETFs drew about $1.71 billion in inflows over two days
Why it matters: The reversal warning contrasts with strong ETF inflows and could make traders cautious near $86,000.
Source: Coinpedia