Great Time to Buy Crypto May Follow 50% Index Drop, Bloomberg Strategist Says

Apr 27, 2026

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Key Takeaways:

Bloomberg Galaxy Crypto Index may decline toward lower support, signaling a delayed but clearer crypto entry opportunity. Mike McGlone indicates crypto market pressure persists as volatility and expanding supply continue limiting sustained momentum. Bitcoin’s prior surge above $100,000 may mark a lasting peak if Bloomberg Galaxy Crypto Index weakness continues. Bloomberg Galaxy Crypto Index Faces Deeper Support Test

McGlone said on social media platform X on April 26:

Bloomberg strategist Mike McGlone’s chart showing cryptos fluctuating with beta.

Crypto Supply Pressure Challenges Market Momentum

“The 2025 rush above $100,000 in the firstborn may have set a lasting peak. A low-price BGCI cure could be near 1,000”

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