#BitcoinPriceWatch Why Did Bitcoin Drop? Can It Be Said That We Entered a Bear Market? Bloomberg Analyst McGlone Evaluated!

In the cryptocurrency market, a severe drop has indeed occurred in the last hours. So what do analysts say about this?
Markets are shaken by Bitcoin crashing into the bear market region, wiping out all gains of 2025.

This sharp decline led to over 1.1 billion dollars in liquidations, while there was an additional outflow of 2 billion dollars from digital asset products.
Cryptocurrency markets are facing a major sell-off led by Bitcoin. The largest officially entered a Bear Market by giving back all its gains made throughout 2025. This decline triggered a massive liquidation storm exceeding 1.1 billion dollars in the markets.
This sudden collapse in the market was discussed in a debate published on the "The Wolf Of All Streets" YouTube channel, which brought together macro strategists. Analysts warned that the current extreme volatility and consecutive liquidations resemble past major market collapses.
Bloomberg Senior Commodity Strategist Mike McGlone expressed his concerns about whether a modern "Black Monday" will be experienced for cryptocurrencies and potentially even the stock markets.
According to experts' analysis, there are several critical factors behind this negative atmosphere in the market:

Weakening Support Flows: Decrease in fresh capital entering the market.
Increasing Macro Tension: The pressure is rising due to external factors such as global economic uncertainties and central bank policies.
Panic in Derivative Markets: The dominance of fear in the futures and options markets and its reflection on the spot markets.
Insider Sales in Technology Stocks: Experts have pointed out the intense selling by "insiders" in technology stocks, in addition to macroeconomic concerns.
McGlone believes that this is not a "false correction" but rather the beginning of a process where an accelerating Bear Market and the "dominoes" will fall. He thinks that Bitcoin will continue to lead the decline until there is an improvement in the macroeconomic outlook.
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