Mike McGlone, senior commodity strategist at Bloomberg, said Bitcoin could fall back to $10,000 if the S&P 500 experienced a prolonged 20% correction. He argued that the digital asset remains closely tied to equity markets and vulnerable to tighter US monetary policy. Bitcoin was trading near $82,000, about 35% below its record high above $126,000, while its year-to-date performance remained below that of the S&P 500. Spot ETFs recorded three consecutive days of inflows, including more than $528 million on October 21, before suffering over $635 million in outflows the following day.
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