Is Bitcoin heading to $10,000 or is the macro bear case dead? 🚨
Bloomberg’s Mike McGlone warns $10K is the ultimate liquidity anchor if the S&P 500 drops 20%.
He claims $BTC is the leading proxy for a massive global asset rollover. 📉
BUT crypto-native analysts are pushing back hard:
• Ki Young Ju (CryptoQuant): Deep institutional backstops and $58B in ETF inflows put a hard mathematical floor near $30,000. 🛡️
• Darkfost: A drop to $10K requires a 92% drawdown—historically impossible for an asset of this scale.
Will institutional hands hold the line, or will a macro liquidity shock force a massive liquidation cascade?
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