Veteran commodity strategist and Bloomberg analyst Mike McGlone says Bitcoin (CRYPTO: BTC ) and broader crypto markets may still be far from a true bottom, warning that excessive speculation and stretched risk markets could trigger a deeper reset. Bitcoin in “Purge Mode “ Speaking in a CoinTelegraph interview on June 2, McGlone argued Bitcoin remains stuck in a broader "purge mode," with the next major support zone likely around $50,000 before potentially falling toward $10,000 longer term. He said Bitcoin is unlikely to hold above its 200-day moving average and warned that meme assets like Dogecoin Full story available on Benzinga.com