Veteran trader Peter Brandt predicts Bitcoin drop to $60K before next rally
In a recent analysis, veteran trader Peter Brandt warns that Bitcoin may still undergo a significant correction before reaching new all-time highs. Brandt outlines two possible scenarios: one where a sharp “shakeout” is followed rapidly by a fresh high, or a more severe reversal that breaks the parabolic trend.
In past cycles, such a parabolic breakdown has precipitated declines of up to 75 %. Although he doubts Bitcoin will crash 80 % again, he considers a retreat into the US$ 50,000–60,000 range plausible as a test of the lower “banana skin” of the trend.
This pronouncement comes amid recent market turbulence. Over the weekend, Bitcoin dropped from around US$ 121,000 to as low as US$ 102,000, resulting in more than US$ 19 billion in liquidations across the crypto space. At the time of writing, the price had partially recovered to about US$ 112,400. Analysts caution that high leverage, even at just 1.5×, can be extremely dangerous under such volatile conditions.
Not all commentators are pessimistic. Charles Edwards, founder of Capriole Investments, describes the recent volatility as temporary and projects that the medium-term trend remains upward. He emphasizes the importance of always accounting for “multi-year, long-term risk.”
Arthur Hayes, co-founder of BitMEX, openly encourages buying into the dip, noting that recent signals might indicate that quantitative tightening has ended. He urged investors to “back up the … truck and buy everything.”
From a macroeconomic viewpoint, analysts point to potentially favorable conditions ahead. Pav Hundal, lead analyst at Swyftx, highlights that weakening inflation (helped by falling oil prices) and signs of a cooling U.S. labor market may prompt rate cuts by the Federal Reserve, an environment widely viewed as bullish for Bitcoin.
Meanwhile, macroeconomist Lyn Alden is tentatively optimistic, expecting the upcoming quarter could prove “pretty favorable” for the crypto market.
In summary, while Brandt expects one more serious pullback before a new all-time high materializes, many analysts remain broadly bullish on Bitcoin’s prospects. The recent dip is viewed by some as a buying opportunity, especially if macroeconomic trends continue to support capital flows into digital assets.
Source: Cointelegraph
Bitcoin and Ethereum ETFs surge as Fed chair Powell signals rate cuts ahead
U.S. spot Bitcoin (BTC) and Ether (ETH) ETFs experienced a sharp turnaround in flows after a period of heavy outflows, triggered by optimism surrounding remarks from Federal Reserve Chair Jerome Powell.
On Tuesday, spot Bitcoin ETFs registered net inflows of US $102.58 million, recovering from a net outflow of about US $326 million the previous day. Among the funds, Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the positive movement with net inflows of US $132.67 million, while BlackRock’s iShares Bitcoin Trust (IBIT) saw a modest outflow of US $30.79 million.
The total net assets across all spot Bitcoin ETFs hit US $153.55 billion, representing around 6.82 % of Bitcoin’s market capitalization, and cumulative inflows into these products stand at about US $62.55 billion.
In parallel, Ether ETFs mirrored that rebound. They logged US $236.22 million in net inflows, after suffering a steep outflow of US $428 million on Monday. The biggest contributor was Fidelity’s Ethereum Fund (FETH) with US $154.62 million, followed by Grayscale’s Ethereum Fund (ETH) with US $34.78 million, and Bitwise’s Ethereum ETF with US $13.27 million.
The reversal in investor sentiment coincided with comments by Jerome Powell at the National Association for Business Economics conference, where he hinted that the U.S. central bank may soon pause its “quantitative tightening” program and is preparing for possible rate cuts as the labor market shows signs of weakening. Powell suggested that reserves are currently “somewhat above the level” consistent with ample liquidity, which may further allow for easing.
Market analysts view these remarks as key. Vincent Liu, CIO of Kronos Research, said that an October rate cut could lead to significant capital flows into crypto ETFs, asserting that digital assets tend to benefit in a softer rate environment. He added that as capital seeks better efficiency, assets like crypto may receive renewed support.
The article places this rebound in context: despite a preceding market meltdown triggered by U.S.–China tariff tensions and severe liquidations, crypto investment products have shown resilience. Last week, such products drew US $3.17 billion in inflows even amid volatility.
According to data from CoinShares, Friday’s panic saw only US $159 million in outflows, even though more than US $20 billion in positions were liquidated across exchanges. This strong underlying demand has pushed total inflows in 2025 to US $48.7 billion, already surpassing the annual total from last year.
Additionally, analysts suggest that easing tensions on the U.S.–China front, along with a renewed “debasement trade” (i.e. expectations of a weaker dollar), plus strength in gold, have helped bolster demand for digital assets.
Source: Cointelegraph
Bitcoin euphoria peaks: $112,500 BTC price squeeze puts new buyers under pressure
Recent euphoric sentiment in the Bitcoin market has created a “squeeze” on new entrants, as the price hovers near $112,500 and volatility intensifies. Many fresh buyers, lured in by the rally, are now under pressure as the market tests resistance levels and shows signs of consolidation.
Bitcoin’s aggressive climb has led to stretched technicals, and derivatives data reveal large short squeezes and leveraged liquidations driving short-term momentum. The effect is that new market participants — those who bought in fully believing in a runaway rally — are finding themselves squeezed as the market tests whether it can hold above these lofty ranges.
One key indicator discussed is the “funding rate” (the cost of holding perpetual futures positions). When the market is extremely overheated, funding rates become very high. That suggests futures longs (those betting price rises) are paying a premium, which is usually unsustainable over longer periods. The article notes that unusually high funding increases the risk of reversals.
Another signal comes from long versus short positions in derivatives markets. The article observes that aggressive positioning, especially from newly leveraged long bets, can be vulnerable once momentum stalls or reverses. In other words: if momentum breaks, many of those leveraged longs may be forced to exit, accelerating downward moves.
The concept of “market euphoria” is central. The article cites that when sentiment becomes excessively bullish, markets are ripe for volatility reversals or sharp pullbacks. The current mood — with many talking about new all-time highs and expecting continued upward moves — echoes past cycles just before corrections. The squeeze of new buyers is a classic hallmark: newcomers who bought late can be the most vulnerable if conditions loosen.
However, the article does not claim a crash is inevitable. Instead, it frames the current market as fragile and in a region where either continued upside or a sharp pullback is possible. The squeeze dynamic means momentum could accelerate either way: a breach upward could blow out many shorts, while a breakdown could force longs to liquidate.
The article also references on-chain and exchange flow data showing that large holders (whales) are not significantly adding into these price ranges. That raises caution: if institutions or heavy players are not stepping in, then much of the rally may be fueled by retail momentum and speculative derivatives. Without deeper support, the market is more susceptible to exhaustion.
In sum, Bitcoin is currently in a precarious phase often associated with late-cycle euphoria. The $112,500 area is acting as psychological resistance. Many new buyers, especially those using leverage, are now facing stress if momentum weakens. While continued upward breakout is possible, signs suggest the path ahead may be volatile and pose risks for overly aggressive participants.
Source: Cointelegraph