Is Bitcoin's Price at Risk of Dropping 85% to Reach $10,000?

Is Bitcoin’s Price at Risk of Dropping 85% to Reach $10,000?

Written by Fabio Lucas Carvalho

Published on 17/02/2026 at 17:49

Updated on 17/02/2026 at 17:51

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Bloomberg Intelligence Strategist Predicts Bitcoin Price Could Drop to US$ 10,000 After Nearly 30% Decline in a Month, Loss of US$ 2 Trillion in Crypto Market and Accumulated Outflow of US$ 6 Billion from ETFs Since November

The price of Bitcoin could drop to US$ 10,000, according to a warning from Bloomberg Intelligence strategist Mike McGlone, who predicts an additional 85% decline in Bitcoin’s price amid a loss of US$ 2 trillion in the market and outflows of US$ 6 billion from ETFs.

Bitcoin Price Could Drop Another 85%, Says Strategist

Bloomberg Intelligence strategist Mike McGlone stated that the “bubble” in the cryptocurrency market is imploding. He believes the price of Bitcoin is about to drop another 85%, reaching US$ 10,000.

McGlone emphasized that, although investors speak of a healthy correction, the narrative around cryptocurrencies is changing for various reasons. He wrote that the mantra of buying on the dip, prevalent since 2008, may have come to an end.

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According to the analyst, the combination of factors signals more difficulties for Bitcoin investors. The warning comes at a time of strong pressure on the sector.

Market Has Already Lost US$ 2 Trillion in Value

The price of Bitcoin has already fallen nearly 30% in the last month. The crisis in the cryptocurrency sector has wiped out US$ 2 trillion in market value in the recent period.

Additionally, investors sold US$ 678 million in Bitcoin exchange-traded funds in February. Since November, the accumulated sale of these ETFs totals US$ 6 billion, according to data from DefiLlama.

McGlone notes that the current scenario reinforces his view that the price of Bitcoin may face further significant declines in the coming months.

Factors Mentioned for the Narrative Change

Among the factors pointed out are the rise of stock markets with low volatility and the loss of confidence in the enthusiasm of U.S. President Donald Trump for cryptocurrencies.

At the same time, investors in gold and silver are taking profits at a speed not seen for about half a century. For McGlone, this combination increases the risks for those maintaining exposure to Bitcoin.

The analyst believes that this transition in investor behavior could accelerate the adjustment process in Bitcoin’s price.

Capital Outflows and Diverging Positions

Despite the warning, there are still influential investors optimistic about the asset. On Thursday, U.S. Treasury Secretary Scott Bessent stated that the approval of cryptocurrency legislation, such as the Clarity Act, will strengthen confidence and boost prices.

Institutions like BlackRock and Goldman Sachs continue to increase their exposure to Bitcoin and alternative cryptocurrencies like Ethereum. This movement indicates that the market remains divided regarding the outlook.

Nervousness in the Technology Sector and Indirect Impact

Technology sector stocks, which closely follow Bitcoin’s price movements, are also under strong pressure. Growing fears of disruptions caused by artificial intelligence, dubbed AI fear, have heightened anxiety.

BlackRock’s main tech ETF, which tracks companies like Microsoft, Oracle, and Palantir, has accumulated a 23% drop this year. On February 1, Microsoft saw its market value drop by US$ 357 billion, marking the second-largest drop in a single session in history.

Ed Yardeni, president of Yardeni Research, stated that technological innovations tend to be disruptive and dynamic. According to him, technological obsolescence is occurring at maximum speed, a pace that recently shocked investors and led to the sell-off of stocks that may be negatively affected by AI.

In this context, the price of Bitcoin remains under pressure, with signs that the market continues to be volatile and susceptible to new sharp movements.

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Is Bitcoin’s Price at Risk of Dropping 85% to Reach $10,000?

Bloomberg Intelligence Strategist Predicts Bitcoin Price Could Drop to US$ 10,000 After Nearly 30% Decline in a Month, Loss of US$ 2 Trillion in Crypto Market and Accumulated Outflow of US$ 6 Billion from ETFs Since November

Bitcoin Price Could Drop Another 85%, Says Strategist

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Market Has Already Lost US$ 2 Trillion in Value

Factors Mentioned for the Narrative Change

Capital Outflows and Diverging Positions

Nervousness in the Technology Sector and Indirect Impact

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Is Bitcoin’s Price at Risk of Dropping 85% to Reach $10,000?

Bloomberg Intelligence Strategist Predicts Bitcoin Price Could Drop to US$ 10,000 After Nearly 30% Decline in a Month, Loss of US$ 2 Trillion in Crypto Market and Accumulated Outflow of US$ 6 Billion from ETFs Since November

Bitcoin Price Could Drop Another 85%, Says Strategist

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Factors Mentioned for the Narrative Change

Capital Outflows and Diverging Positions

Nervousness in the Technology Sector and Indirect Impact

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

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Brazil is chosen as a global laboratory against plastic waste in a project that could last up to 7 years with tens of millions of dollars in investment to prove that the circular economy works on a continental scale.

China launches the world’s most advanced weather satellite with 6 scientific instruments, a lightning detector, and artificial intelligence capable of predicting storms, tornadoes, and hail with unprecedented accuracy.

With a volume of 300,000 cubic meters, an old oil depot is transformed into a giant thermos, heating an entire city in Sweden and potentially changing the way energy is stored worldwide.

In 2028, Earth will cross debris that the Swift-Tuttle comet left in space in 1479, and the world’s most famous meteor shower could turn into a storm of hundreds of shooting stars per hour, a phenomenon that hasn’t occurred since before Columbus arrived in America.

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