Mike McGlone, senior commodity strategist for Bloomberg Intelligence, has warned that bitcoin could crash to $10,000. His call comes with a clear line in the sand: $75,000, or risk annihilation to the level last seen in early 2020. If bitcoin reclaims and holds this level, he suggests that the path of least resistance is lower. His prediction is based on market structure rather than short-term catalysts. McGlon also highlighted the growth of the crypto market as a potential drag on bitcoin, predicting that Tether's AUM will exceed Bitcoin in 2026 and eventually Bitcoin.