Bitcoin (BTC) has recently sent a cautionary signal to cryptocurrency investors, with Bloomberg Intelligence’s senior macro strategist, Mike McGlone, issuing a stark warning amid the renewed hopes for exchange-traded funds (ETFs). 

Despite the BTC’s resilience, McGlone suggests that its recent price decline could foreshadow an impending liquidity crisis, especially in a financial landscape characterized by rapidly shifting monetary policies.

Bitcoin: Uneasy Stance Despite ETF Expectations

Bitcoin, the pioneering cryptocurrency, has experienced a rather unexpected dip of during the third quarter leading up to Sept. 6. This decline has taken place even as the prospects for the approval of US spot ETFs have grown brighter and the traditional stock market continues to demonstrate remarkable strength. 

McGlone, in his alert, has cast a spotlight on this perplexing situation, noting that “Bitcoin may be telling us something.” He posits that the cryptocurrency, which trades round the clock, might serve as a harbinger of an impending economic reset characterized by extreme fluctuations in liquidity.

ZIRP in Reverse, Cryptos in the Middle and #Bitcoin Tilting Down – Cryptos came of age during an unprecedented period of zero-interest-rate polices that’s reversing rapidly, with implications for prices. Down about 15% in 3Q to Sept. 6 despite US spot ETFs moving closer to… pic.twitter.com/cZjYihW7mx

— Mike McGlone (@mikemcglone11) September 7, 2023

McGlone’s analysis delves into Bitcoin’s remarkable journey, from its humble beginnings a

Go to Source to See Full Article
Author: Christian Encila

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details