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$BTC to $50k or $10k? Mike McGlone is Predicting a Deflationary Bloodbath
If you thought the recent 12% dip was painful, Bloomberg's senior strategist Mike McGlone just poured a bucket of ice water on the "Bitcoin to $100K" dream. His base case for 2026? A "Great Reversion" that could make 2008 look like a warm-up. McGlone rates deflation risk a 10/10. He argues that after years of excess, the "wealth effect" is shattering. BTC isn't acting like a hedge; it's leading the deleveraging Support or Speed Bumps? He sees the first major support for BTC at $50,000, but warns the downside risk extends to $10,000. For Ether? $2,000 is just a "speed bump" on the way to a potential $1,000 floor Everything depends on the stock market. If the S&P 500 fails to hold 7,000, McGlone expects equity volatility to jump from 11% to 17%, dragging every risky asset down the drain with it. Even the "boomer hedge" isn't safe. Gold crashed from $5,600 to below $4,500 in a matter of days. If the safe havens are burning, where do you think crypto is going?🔥🌕
$BTC has dropped nearly 40% from its recent peak, signaling a bear market phase with more downside likely based on historical cycles. Don't forget to follow our account so you don't miss important information. #BTC #bitcoin #CryptoThena
$XRP is grinding through a rough weekly structure. Lower highs, heavy sell pressure, and price hovering near local support shows hesitation across large caps. This phase usually tests patience more than strategy, especially with market sentiment still fragile. #Xrp🔥🔥 #xrp #CryptoThena
Ethereum's Leverage Is Rising - While Participation Fades
ETH looks calm on the surface, but the structure underneath is getting fragile. As late January wraps up, Ethereum keeps trading under pressure - and with $BTC setting an uncertain macro backdrop, risk is quietly concentrating where most people aren't looking.
Here's the key shift: leverage is rising even as exposure shrinks. Binance data shows Ethereum's Estimated Leverage Ratio hitting a new all-time high near 0.675. Price has hovered around ~$2,700, meaning traders aren't betting big on direction - they're squeezing returns out of tight ranges with leverage.
Historically, leverage this high makes $ETH extremely sensitive. When ratios push toward 0.70, even small price moves can trigger large liquidations. That's when volatility feels "sudden," even without big headlines.
At the same time, participation is thinning. Total open interest has dropped to ~$16.4B, the lowest since November. Fewer contracts, higher leverage - a mix that often leads to sharper moves than price alone suggests.
📜The takeaway: Ethereum isn't collapsing, but it's becoming more fragile. With leverage concentrated and fewer players involved, the next volatility spike may come from positioning - not news. #ETH #BTC #CryptoThena
$SOL Fights to Stay Above $100 Level After Sharp Drop. After massive crypto correction over the recent days, Solana continues to slide, now trading around $102 after a sharp 13.7% drop over the past 24 hours. The move takes SOL to its lowest level since early 2024, as it battles to hold the key psychological support at $100. #solana #sol #CryptoThena
Metaplanet Plans $137M Raise to Expand $BTC Holdings
Tokyo-listed Metaplanet approved a financing structure to raise up to $137M, including $79.5M upfront via new share issuance. The company plans to allocate most proceeds to additional Bitcoin purchases through 2027, citing $BTC's role in value preservation amid inflation and fiat currency depreciation.
$BTC was rejected from B-wave resistance. I would still prefer to see a wider B-wave bounce.
Over the past weeks, both resistance and support levels have been respected very well, keeping price contained within a broader multi-month range that has been in place since November.
$BTC hasn't followed yet. That divergence matters.
Historically, when Gold ranges after an ATH, capital rotates often into Bitcoin (digital gold). Rotation is always quiet before it's obvious... watch it closely!
#Bitcoin started the week with a red candle, and the price touched the $86,000 level. Let's see how the market reacts when the US market opens. We can only expect some significant upward movement after the price holds above the $90,000 area. #crypto BTC