Mike McGlone, Senior Macro Strategist at Bloomberg Intelligence, issued a stern warning, suggesting that Bitcoin's current stability around $60,000 is likely a "fake bottom." He pointed out that as the US 10-year government bond yield surpassed 5% and the S&P 500 index reached an all-time high, traditional financial markets have significantly increased their appeal to institutional capital, leading to a drying up of liquidity in the crypto market. McGlone predicted that Bitcoin's "true" bottom might be at $10,000, which would then offer investors a more attractive opportunity for long-term position building. He drew a parallel between the current market conditions and the decline path of WTI crude oil after breaking above $100 in 2008, emphasizing that in the post-inflationary deflationary phase, the US stock market typically needs to experience a sustained correction of about 20%. This, he stated, is a prerequisite for Bitcoin to revert to its mean and open a long-term buying window.