{"id":73508,"date":"2025-06-11T20:30:23","date_gmt":"2025-06-11T20:30:23","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=73508"},"modified":"2025-06-11T20:30:23","modified_gmt":"2025-06-11T20:30:23","slug":"is-bitcoin-headed-for-a-meltdown-veteran-trader-sees-75-crash-ahead","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=73508","title":{"rendered":"Is Bitcoin Headed For A Meltdown? Veteran Trader Sees 75% Crash Ahead"},"content":{"rendered":"

Bitcoin\u2019s recent price surge hasn\u2019t stopped warnings of a steep drop. After rising 1.87% in 24 hours and 3.61% over the past week, Bitcoin trades near $109,192. According to Peter Brandt, a veteran trader, these gains could be setting up the biggest crash in years.<\/p>\n

Crash Scenario Outlined<\/strong><\/h2>\n

According to Brandt\u2019s analysis, Bitcoin<\/a> could plunge by as much as 75%. If that happens, today\u2019s $109,800 price would fall to roughly $27,290. That level takes us back to the lows of early 2023. It would wipe out a huge chunk of value, reversing more than two years of gains. Few investors have models ready for such a steep slide.<\/p>\n

Historical Parallels With 2022<\/strong><\/h2>\n

Based on reports, Brandt sees a replay of the 2022 chart. Back then, Bitcoin hit tops of $65K in April 2021 and $69K in November 2021. It then fell sharply into the bear market, losing more than half its value.<\/p>\n

Is Bitcoin $BTC<\/a> following its 2022 script and setting up for a 75% correction? Doesn\u2019t hurt to ask this, does it? pic.twitter.com\/BAywkhSwgy<\/a><\/p>\n

\u2014 Peter Brandt (@PeterLBrandt) June 10, 2025<\/a><\/p>\n

This time around, the world\u2019s top crypto formed highs above $108,000 in December 2024 and January 2025, then dropped under $100,000. After recovering near $112,000 last month, BTC may be gearing up for a similar breakdown.<\/p>\n\n

Trigger Points To Watch<\/strong><\/p>\n

Key technical markers are flashing red. The 9-period EMA has just crossed below the 21-period EMA on the daily chart. In past sell-offs, that crossover marked the start of big downtrends.<\/p>\n

Traders will want to see if Bitcoin closes below both EMAs for a week or more. A failure to reclaim the $108,000 level could be the final trigger before panic sets in.<\/p>\n

Market Reactions And Risks<\/strong><\/p>\n

Derivatives data is mixed but leans bearish. Trading volume jumped almost 30% to $100 billion, while open interest rose 1%. On Binance and OKX, the long\/short ratios sit at about 0.5501 and 0.53, showing more shorts than longs.<\/p>\n

When too many people bet on a drop, a squeeze can follow\u2014if the crash doesn\u2019t start soon. Still, the current crowding could backfire if Bitcoin holds above support.<\/p>\n

Funds tied to Bitcoin have seen nearly $57 million in outflows over the past week. That may sound big, but it\u2019s under 0.2% of the roughly $50 billion assets under management.<\/p>\n

By contrast, Ethereum<\/a> products attracted $295 million. So while some money is leaving Bitcoin, it\u2019s shifting around inside crypto rather than fleeing entirely.<\/p>\n

For now, Bitcoin sits at a crossroads. Will it break support and roll over toward the mid-$20,000s? Or will it shake off warnings and press higher? Either way, traders need to watch the $108,000 zone closely.<\/p>\n

According to Brandt, a 75% drop could catch unprepared investors off guard. Managing risk and keeping orders tight seems more critical now than ever.<\/p>\n

Featured image from Pixabay, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s recent price surge hasn\u2019t stopped warnings of a steep drop. After rising 1.87% in 24 hours and 3.61% over the past week, Bitcoin trades near $109,192. According to Peter Brandt, a veteran trader, these gains could be setting up the biggest crash in years. Crash Scenario Outlined According to Brandt\u2019s analysis, Bitcoin could plunge […]<\/p>\n","protected":false},"author":0,"featured_media":73509,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-73508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/73508"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=73508"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/73508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/73509"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}