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Bitcoin’s recent price dump has not stopped warnings for a steep drop. After rising 1.87% in 24 hours and 3.61% last week, Bitcoin is traded near $ 109.192. According to Peter Brandt, a lace -up dealer, this profit can set up the biggest crash in years.
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Crash scenario outlined
According to the analysis of Brandt, Bitcoin Could fall no less than 75%. If that happens, the price of $ 109,800 would fall to around $ 27,290. That level brings us back to the lows from the beginning of 2023. It would wipe out a huge piece of value and reverses more than two years of profit. Few investors have models ready for such a steep slide.
Historical parallels with 2022
Based on reports, Brandt sees a repeat of the 2022 graph. At the time, Bitcoin reached $ 65k’s tops in April 2021 and $ 69k in November 2021. It then fell sharply in the Berenmarkt and lost more than half of its value.
Is Bitcoin $ BTC Follow the 2022 script and setting a correction of 75%? Don’t hurt to ask this, right? pic.twitter.com/baywkhswgy
– Peter Brandt (@peterlbrandt) June 10, 2025
This time, the world’s top crypto highlights were above $ 108,000 in December 2024 and January 2025, and then dropped below $ 100,000. After repairing nearly $ 112,000 last month, BTC may be preparing for a similar breakdown.
Trigger -points to look
Important technical markers blink red. The EMA with 9 periods has just been crossed on the daily graph under the EMA of 21 periods. In sale in the past, that crossover marked the start of large downrends.
Traders want to see if Bitcoin closes under both EMAs for a week or more. A non -advancing of the $ 108,000 level could be the final trigger before panic.
Market reactions and risks
Derivate data is mixed but leans bearish. The trade volume rose almost 30% to $ 100 billion, while the open interest rose by 1%. On Binance and OKX the long/short proportions are around 0.5501 and 0.53, with more shorts than long.
When too many people bet on a drop, a squeze can follow – if the crash does not start quickly. However, the current crowds can have the opposite effect if Bitcoin is above the support.
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Funds bound to Bitcoin have left almost $ 57 million last week. That may sound big, but it is less than 0.2% of the approximately $ 50 billion assets that are managed.
On the other hand, Ethereum Products attracted $ 295 million. So although some money leaves Bitcoin, it shifts around in crypto instead of fleeing completely.
For now, Bitcoin is at a crossroads. Will the support break and go to the middle of $ 20,000? Or will the warnings shake off and press higher? Anyway, traders must keep a close eye on the $ 108,000 zone.
According to Brandt, a decrease of 75% unprepared investors can overwhelm. Managing risks and keeping orders now seems more critical than ever.
Featured image of Pixabay, graph of TradingView