Mike McGlone (마이크 맥글론), senior commodity strategist at Bloomberg Intelligence, has revived the 'bitcoin at $10,000' call. Market participants counter that it is unlikely without shocks on the scale of a global liquidity crisis or nuclear war.

On March 11, CoinDesk reported that McGlone, in an interview with ElliottTrade, warned of a bitcoin bear market. He said bitcoin could still be vulnerable if global risk assets plunge.

Some in the market said the outlook is based on overly extreme assumptions. Mati Greenspan (마티 그린스펀), founder and CEO of Quantum Economics, said analysts are often swept up by short-term macroeconomic variables and reach hasty conclusions. He said assets like bitcoin, which see daily trading volume of tens of billions to hundreds of billions of dollars, would need extreme shocks such as a global liquidity crisis, nuclear war or an internet outage to fall back to $10,000.

Bitcoin is trading around $70,000, while major cryptocurrencies such as ether, solana and XRP are also rising. McGlone said bitcoin's narrative as a 'stable hedge' has weakened as it has become more correlated with traditional risk assets. Market analysts countered that even a drop to $28,000 would require global liquidity tightening or threats to financial markets, and said the $10,000 view is unrealistic.

John Lattin (존 라틴), chief market analyst at PrimeXBT, also said the possibility of bitcoin falling to $10,000 is extremely low. He said it would move in the $60,000 to $70,000 range in the short term. McGlone, however, said the bitcoin market is still in the process of clearing excessive speculative elements and that the downturn would continue.

The dispute over a 'bitcoin at $10,000' scenario underscores market volatility and macroeconomic uncertainty. A view prevails that bitcoin is unlikely to enter an extreme slump immediately, but future moves could depend on changes in global liquidity and risk-asset investment sentiment, keeping market wariness in place for some time.