Bloomberg strategist: Besides Bitcoin, the current pullback also includes gold and other risk assets, and BTC is just a "normal regression".

Jinse Finance reported that Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, explained on X platform why BTC prices have recently experienced a pullback. He said that the current market pullback not only involves BTC, but also gold and other risk assets have all declined. It’s just that BTC has a larger decline due to higher volatility, but for BTC, it’s just a normal pullback. Mike McGlone also stated that although the S&P 500 index did not decline significantly in the fourth quarter of this year, it does not mean that this momentum can continue, especially in 2025, it is unlikely to maintain a rising trend.