Bitcoin’s slide may signal broader market trouble and a U.S. recession, Mike McGlone says

CoinDesk
by Olivier Acuna
February 16, 2026
McGlone argues collapsing crypto and stretched equity metrics could end the “buy the dip” era, while Jason Fernandes says only a credit shock would justify a move toward $10,000.
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Originally published on CoinDesk on 2/16/2026