Bitcoin’s explosive rally may have gone too far, with oversupply, rising volatility risk, and shifting macro forces setting the stage for a major reset that could redefine crypto’s next cycle, according to a Bloomberg Intelligence outlook.

Bloomberg Intelligence: Oversupplied Crypto Markets Risk Major Bitcoin Repricing

Digital asset markets continue to face scrutiny as macro strategists debate supply, demand, and volatility risks. Bloomberg Intelligence senior commodity strategist Mike McGlone shared on social media platform X on Jan. 11 a crypto-focused outlook arguing that bitcoin and broader digital assets are oversupplied after a sharp run-up.