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Bitcoin’s recent price surge hasn’t 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. Related Reading Relentless Bitcoin Accumulation: Strategy Snaps Up 1,045 More BTC 1 day ago Crash Scenario Outlined
According to Brandt’s analysis, Bitcoin could plunge by as much as 75%. If that happens, today’s $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. Historical Parallels With 2022
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. Is Bitcoin $BTC following its 2022 script and setting up for a 75% correction? Doesn’t hurt to ask this, does it? pic.twitter.com/BAywkhSwgy
— Peter Brandt (@PeterLBrandt) June 10, 2025
This time around, the world’s 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.
Trigger Points To Watch
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.
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. BTC is currently trading at $109,269. Chart: TradingView Market Reactions And Risks
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.
When too many people bet on a drop, a squeeze can follow—if the crash doesn’t start soon. Still, the current crowding could backfire if Bitcoin holds above support. Related Reading Owning 10,000 XRP? You’re Among Crypto’s Elite, Expert Claims 22 hours ago
Funds tied to Bitcoin have seen nearly $57 million in outflows over the past week. That may sound big, but it’s under 0.2% of the roughly $50 billion assets under management.
By contrast, Ethereum products attracted $295 million. So while some money is leaving Bitcoin, it’s shifting around inside crypto rather than fleeing entirely.
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.
According to Brandt, a 75% drop could catch unprepared investors off guard. Managing risk and keeping orders tight seems more critical now than ever.
Featured image from Pixabay, chart from TradingView