The End of Bitcoin's "Big Pumps": Insights from Bloomberg Macro Strategist

Bloomberg Intelligence senior macro strategist Mike McGlone believes that the era of significant Bitcoin pumps is over, citing the cryptocurrency's declining volatility and maturation process. He warns that Bitcoin may face an extended retracement period and highlights the potential headwinds facing most risk assets. Bitcoin is currently trading at $26,109, down 0.11% in the past 24 hours and over 11% in the past seven days.