3 REASONS WHY BLOOMBERG CALLING BITCOIN A RESTING BULL IS INACCURATE

Last updated: June 20, 2025, 00:33 | Written by: Elizabeth Stark

A recent report from Bloomberg has sparked debate within the cryptocurrency community by suggesting that Bitcoin is currently a ""resting bull,"" poised for a significant upward surge. 3 raz es pelas quais a Bloomberg est errada em chamar o Bitcoin de 'touro em descanso' Opini o O estrategista s nior de commodities da Bloomberg, Mike McGlone, divulgou recentemente uma perspectiva da criptomoeda, que afirma que a volatilidade do Bitcoin deve continuar a diminuir medida que o ativo se comporta mais como ouro.This bullish outlook, however, is based on a potentially flawed interpretation of key market indicators.While optimism is always welcome, it's crucial to critically examine the data and arguments presented, especially in a volatile market like crypto. 3 Reasons Why Bloomberg Calling Bitcoin a Resting Bull Is Inaccurate A recent Bloomberg report says Bitcoin is a resting bull but improperly interprets key metrics to paint a bullish case for BTC.This article delves into the reasoning behind the claim that Bloomberg's assessment might be inaccurate.We'll explore specific metrics they highlight and provide alternative perspectives on their meaning, offering a more balanced view of Bitcoin's current state.Considering factors beyond surface-level analysis is vital for making informed decisions in the cryptocurrency space.Examining things like Grayscale Bitcoin Trust (GBTC) inflows and volatility indices from multiple angles helps create a less biased perspective. 3 Reasons Why Bloomberg Calling Bitcoin a Resting Bull Is Inaccurate Bloomberg senior commodities strategist Mike McGlone recently released a midyear crypto outlook, which states that Bitcoin volatility should continue to decrease as the asset behaves more like gold.So, let's unpack the arguments and see why the ""resting bull"" narrative might be premature, or at the very least, require a more nuanced understanding of the market dynamics at play.This detailed analysis will cover specific indicators and their potential misinterpretations to help you form your own informed opinion.

Analyzing Bloomberg's Bullish Bitcoin Thesis

Bloomberg's analysis, particularly from senior commodities strategist Mike McGlone, points to decreasing volatility and increasing inflows into Grayscale's Bitcoin Trust (GBTC) as key signals of an impending bull run.The idea is that Bitcoin is maturing, behaving more like gold, and attracting institutional investors who are using GBTC as a proxy for direct Bitcoin exposure. Skip to main content Bitcoin Insider. MenuHowever, these indicators, while potentially positive, don't necessarily guarantee a surge.It's essential to consider alternative interpretations and potential counterarguments to avoid being misled by overly optimistic projections. The surge that pushed Bitcoin BINANCE:BTCUSD up more than 2.4% to $88,000 today may be short-lived. Although it came suddenly and was not widely expected especially with Easter Sunday and a long weekend the surge caused a palpable shift in sentiment among crypto market participants. From uncertLet’s examine the specific claims and explore why they may not paint the complete picture.

Reason 1: Questioning GBTC Inflow as a Sole Indicator of Bullish Sentiment

The Bloomberg report highlights increasing inflow into the Grayscale Bitcoin Trust (GBTC) as a strong sign of bullish investor sentiment.The reasoning is straightforward: more money flowing into GBTC implies greater demand for Bitcoin, which could drive up its price.However, this interpretation may be oversimplified. A recent Bloomberg report says Bitcoin is a resting bull but improperly interprets key metrics to paint a bullish case for BTC. 3 Reasons Why Bloomberg Calling Bitcoin a Resting Bull Is Inaccurate - InstaCoin.NewsHere's why:

Arbitrage Opportunities: GBTC has historically traded at a premium or discount to the underlying Bitcoin it holds. 3 raz es pelas quais a Bloomberg est errada em chamar o Bitcoin de 'touro em descanso' J 3 raz es pelas quais a Bloomberg est errada em chamar o Bitcoin de 'touro em descanso' from Cointelegraph.com NewsSavvy investors might be taking advantage of these arbitrage opportunities rather than expressing genuine long-term bullishness. Grayscale Bitcoin Trust (GBTC) inflow. The Bloomberg report states that increasing inflow to Grayscale Investments funds is a sign of bullish investor sentiment. The funds are akin to an ETF and could be considered a good indicator of investor demand.If GBTC is trading at a discount, buying GBTC shares can be a way to acquire Bitcoin exposure at a lower price than buying Bitcoin directly on an exchange.
Regulatory Uncertainty: The ongoing discussions surrounding a Bitcoin ETF in the United States significantly impact GBTC.The potential approval of a Bitcoin ETF could diminish the appeal of GBTC, as an ETF would likely offer lower fees and greater liquidity. 彭博社的报告称，灰度投资的资金流入不断增加，这表明投资者情绪高涨。这些基金类似于ETF，可以视为投资者需求的良好指标。据Cointelegraph报道，GBTC对比特币的巨大兴趣毋庸置疑，减半后增持了超过5.3万个比特币。The fluctuating interest and inflow in GBTC may reflect speculation around the ETF decision rather than pure bullish conviction.
Inflow vs. Market Update: S P 500 Hits Three-Year High, and, Bitcoin ETF Impact at 50%. What happened in crypto today; Why the metaverse can t exist without a blockchain; What Do Analysts Predict About These 3 Top Cryptocurrencies Ripple, TRON, Tradecurve; Cryptocurrencies Price Prediction: TRON s, Bitcoin Crypto European Wrap 4 AugustNet Inflow: While Bloomberg might highlight gross inflows, it's crucial to consider net inflows, which account for both inflows and outflows. Bloomberg senior grondstoffenstrateeg Mike McGlone heeft onlangs een crypto-vooruitzichten voor het midden van het jaar uitgebracht, waarin staat dat de volatiliteit van Bitcoin moet blijven stijgen.A high gross inflow can be misleading if it's accompanied by a significant outflow.Looking at the net figure provides a more accurate representation of investor sentiment towards GBTC and, by extension, Bitcoin.

Alternative Interpretation of GBTC Data

Instead of blindly accepting GBTC inflow as a bullish signal, a more cautious approach involves analyzing the data within the broader context of market conditions and regulatory developments.Factors such as the GBTC premium/discount, ETF approval prospects, and overall market sentiment should be considered to avoid misinterpreting the data.

Reason 2: The Decreasing Volatility Argument - Gold vs. A recent Bloomberg report says Bitcoin is a resting bull but improperly interprets key metrics to paint a bullish case for BTC. Bloomberg senior commodities strategist Mike McGlone recently released a midyear crypto outlook, which states that Bitcoin volatility should continue to decrease as the asset behaves more like gold.Bitcoin

Bloomberg's report suggests that Bitcoin's volatility is decreasing, indicating it is becoming more like gold, a traditional safe-haven asset.This perceived stabilization is seen as a sign of maturity and increased institutional acceptance, supposedly paving the way for a sustained bull run.But is Bitcoin truly becoming less volatile in a way that supports a solid bullish case? U.Today - The surge that pushed Bitcoin (BTC) up more than 2.4% to $88,000 today may be short-lived. Although it came suddenly and was not widely expected especially with Easter Sunday and a long weekend the surge caused a palpable shift in sentiment among crypto market participants.Let’s examine the reasoning.

Relative Volatility: While Bitcoin's volatility might be decreasing relative to its historical performance, it's still significantly more volatile than gold and other established asset classes. Bloomberg tild a Bitcoin de toro en reposo . 3 razones por las que se equivoca Opini n El estratega senior de materias primas de Bloomberg, Mike McGlone, ha publicado recientemente una perspectiva cripto de mediados de a o, que afirma que la volatilidad de Bitcoin deber a seguir disminuyendo a medida que el activo se comporte m sComparing Bitcoin's volatility to gold requires a long-term perspective.Short-term periods of reduced volatility can be followed by sharp price swings, particularly in the crypto market.
Market Manipulation: The cryptocurrency market is still susceptible to manipulation, which can artificially suppress or inflate volatility. Menu. Home; Bitcoin Chart; Cryptocurrency News; Live PricesNews events, regulatory announcements, and even social media trends can trigger unexpected price movements.Lower volatility in a specific timeframe doesn’t mean a long-term trend.
Volatility as a Double-Edged Sword: While decreased volatility might attract some institutional investors, it could also deter speculative traders who thrive on high-risk, high-reward opportunities.A significant portion of Bitcoin's price appreciation in the past has been driven by speculation.Reduced volatility could potentially dampen enthusiasm and slow down the growth trajectory.

Bitcoin's Volatility Remains Elevated

Even with periods of reduced volatility, Bitcoin's inherent nature as a nascent and evolving asset means it's unlikely to mirror gold's stability anytime soon. 3 Reasons Why Bitcoin (BTC) Bull Rally May Stop Here. Open in App. Get 45% Off. Sign In; Free Sign Up BNP Call 500.59 EUR AEX 31Dec99; COMMERZBANK AG Put CAC FUT 05/17 31Dec99; My Watchlist.Calling it a ""resting bull"" based solely on volatility reduction is a premature assessment without factoring in market manipulations and volatility's effect on speculative trading volume.

Reason 3: Overlooking Macroeconomic Factors and External Shocks

Bloomberg's analysis seems to focus primarily on internal Bitcoin metrics, potentially overlooking the significant influence of macroeconomic factors and external shocks on the cryptocurrency market.Global economic conditions, geopolitical events, and regulatory changes can all have a profound impact on Bitcoin's price, regardless of its internal indicators. 3 Reasons Why Bloomberg Calling Bitcoin a Resting Bull Is InaccurateBitcoin doesn’t exist in a vacuum.

Interest Rate Hikes: Rising interest rates can make riskier assets like Bitcoin less attractive compared to more conservative investments like bonds. A recent Bloomberg report says Bitcoin is a resting bull but improperly interprets key metrics to paint a bullish case for BTC. from Cointelegraph.com NewsCentral bank policies and their impact on global liquidity can significantly influence investor sentiment towards cryptocurrencies.
Geopolitical Uncertainty: Global events such as wars, political instability, and trade disputes can create uncertainty in financial markets, leading investors to seek safe-haven assets or reduce their exposure to riskier assets like Bitcoin.This can quickly shift investor sentiment away from Bitcoin.
Regulatory Crackdowns: Government regulations and enforcement actions can significantly impact the cryptocurrency market.A crackdown on crypto exchanges, stricter KYC/AML requirements, or outright bans in certain countries can trigger sharp price declines.

The Importance of a Holistic Perspective

A comprehensive analysis of Bitcoin's potential requires considering both internal metrics and external factors.Overlooking these external influences can lead to an incomplete and potentially misleading assessment of Bitcoin's future prospects. 3 raz es pelas quais a Bloomberg est errada em chamar o Bitcoin de touro em descanso por mandee 6 de julho de 2025 Um relat rio recente da Bloomberg diz que o Bitcoin um touro em repouso, mas interpreta indevidamente as principais m tricas para criar um caso otimista para o BTC.The Bloomberg report's seemingly narrow focus might be a critical flaw.

The Importance of Diversification and Risk Management in Crypto

Regardless of whether Bloomberg's ""resting bull"" narrative proves accurate, it's crucial for investors to approach Bitcoin with a balanced and diversified investment strategy. Bloomberg senior commodities strategist Mike McGlone recently released a midyear crypto outlook, which states that Bitcoin volatility should continue toThe cryptocurrency market remains inherently risky, and relying solely on any single analysis, including Bloomberg's, can be detrimental.

Diversify your portfolio: Don't put all your eggs in one basket. Analista diz que ApeCoin vai se consolidar antes de grande movimento do pre o Lan ado com um grande hype em torno de si, a ApeCoin (APE) vem lutando para provar que o hype n oDiversify your investments across different asset classes to mitigate risk.
Set realistic expectations: Avoid getting caught up in hype and unrealistic price predictions. Un reciente informe de Bloomberg dice que Bitcoin es un toro en reposo pero interpreta incorrectamente las m tricas clave para pintar un caso alcista para BTC.Focus on long-term investment goals and manage your expectations accordingly.
Do your own research (DYOR): Don't blindly follow the advice of others. A recent Bloomberg report says Bitcoin is a resting bull but improperly interprets key metrics to paint a bullish case for BTC. Bloomberg senior commodities strategist Mike McGlone recently released a midyear crypto outlook, which states that Bitcoin volatility should continue to decrease as the asset behaves more like gold. The report also says that MoreConduct your own independent research and make informed decisions based on your own understanding of the market.

Alternative Bitcoin Market Scenarios

It's important to consider potential alternative scenarios that could unfold in the Bitcoin market, instead of solely focusing on the bullish perspective presented by Bloomberg.

Prolonged Consolidation: Bitcoin could enter a period of prolonged consolidation, trading within a defined range without experiencing a significant breakout in either direction.
Bear Market Correction: The market could experience a significant correction, wiping out recent gains and pushing Bitcoin's price back down to lower levels.
Black Swan Event: An unexpected event, such as a major regulatory crackdown or a security breach, could trigger a sharp price decline and negatively impact the entire cryptocurrency market.

Why Context Matters in Cryptocurrency Analysis

The interpretation of market data is highly subjective and can be influenced by personal biases and agendas.It's essential to be aware of these potential biases and to critically evaluate the information you encounter. Um relat rio recente da Bloomberg diz que o Bitcoin um 'touro em repouso', mas interpreta indevidamente as principais m tricas para criar um caso otimista para o BTC.Context, including market sentiment, news events, and regulatory developments, plays a crucial role in understanding market trends.Don’t take any analysis at face value without doing your own research. A recent Bloomberg report says Bitcoin is a resting bull but improperly interprets key metrics to paint a bullish case for BTC. Bloomberg senior commodities strategist Mike McGlone recently released a midyear crypto outlookThis allows you to form independent opinions.

Conclusion: A Nuanced View of Bitcoin's Future

While Bloomberg's ""resting bull"" narrative might be appealing to those looking for positive signals, a more critical examination reveals that the underlying assumptions may be flawed.The three reasons outlined above – questionable GBTC inflow interpretation, an oversimplified view of volatility, and the neglect of macroeconomic factors – highlight the importance of a balanced and holistic perspective. Bitcoin's future remains uncertain, and a variety of scenarios are possible. As an investor, it's crucial to avoid blindly following any single narrative and to conduct your own independent research and analysis. Diversification, risk management, and a healthy dose of skepticism are essential tools for navigating the volatile cryptocurrency market. The reality is that, while Bitcoin has shown resilience, it's still subject to wild price swings and external pressures. In einem k rzlichen Bloomberg-Bericht hei t es, dass Bitcoin ein ruhender Bulle sei. Dabei wurden wichtige Indikatoren etwas inakkurat interpretiert.So while a bull run is always a possibility, it's certainly not a guarantee, and relying solely on a ""resting bull"" narrative might lead to imprudent investment decisions.Before investing, consider the risks and potential for loss.