Bitcoin may decline to $10,000 if the US stock market faces a 20% correction, according to Mike McGlone, senior macro strategist at Bloomberg Intelligence. McGlone suggests the cryptocurrency’s recent weakness could serve as an early signal of wider financial-market stress. In a post published on October 16, McGlone highlighted Bitcoin’s retreat from its 2025 peak above $100,000, alongside higher government bond yields and tighter monetary policy. He stated that these trends could signal a potential reversal across risk assets.