Gate News update. On April 13, Bloomberg senior commodities strategist Mike McGlone posted on X that after Bitcoin’s sharp surge in 2025, it has entered a violent pullback. Currently, silver, gold, copper, natural gas, and most crucially crude oil may enter the “too much has risen” range before the end of 2026, and face similar pullback risks. Mike McGlone noted that, in general, rapid asset rallies are usually supported by fundamentals, but they also encourage increased supply and suppress demand, ultimately leading to a price reversal. In particular, the rapid spike in crude oil prices often has “disruptive” effects and has repeatedly triggered cascading reactions in markets or the economy in the past.
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