Peter Brandt Identifies Two Significant Downside Targets for Bitcoin
Bitcoin has recently caught the attention of renowned trading expert Peter Brandt, who has projected potential price drops to $81,852 or even $59,403 per Bitcoin. In his latest analysis, Brandt outlines a weekly chart indicating a five-leg upward movement followed by a significant curve break.
Brandt’s recent Bitcoin chart presents a straightforward message that may not sit well with bullish investors. His weekly analysis reveals a distinct five-leg ascent, a broken upward trend, and two potential price targets that are considerably lower than the current market value. The initial target is around $81,852, while a more severe drop could see Bitcoin hit approximately $59,403.
Drawing from his extensive 50 years of market experience, Brandt does not view these targets as panic signals but rather as a natural correction following an extended rally during which traders anticipated an ongoing shift in monetary policy.
Wider Context of Market Dynamics
Brandt’s perspective draws a parallel between the late stages of 2025 and the end of 2021, suggesting a reversal in trends: as prices decline, traditional market indexes such as the S&P 500 remain stable. This broader context sheds light on why Brandt’s price targets do not seem overly ambitious. In his view, the current market resembles late 2021 in reverse, with assets declining while major indexes hold steady. Four years prior, the market braced itself for quantitative tightening, whereas now, the narrative is shifting towards easing.
The critical issue lies in the fact that many assets have already adjusted their valuations in anticipation of a rapid decrease in interest rates. The cryptocurrency sector has mirrored this logic, often overlooking the implications of potential future cuts, which may already be reflected in current price charts.
Ripple’s CTO Discusses New XRPL Hub Purpose
Ripple CTO David Schwartz has provided insights into the functionality of the newly established hub on the XRP Ledger. During a recent discussion, he highlighted three primary reasons for its implementation.
In a tweet, Schwartz confirmed that his hub has been operating on the rippled v2.6.2 version without any issues. When questioned about the hub’s purpose, he outlined his motivations for setting it up. First, he noted that he hadn’t engaged with XRPL infrastructure for several years and found it exciting to re-enter that space. Second, he pointed out that there had been instances of increased latency among validators, and he believes that a well-designed megahub could significantly enhance network reliability by reducing latency. Lastly, he acknowledged that some localized performance issues within the XRPL required a hub to investigate potential causes.
Hub Designed for Reliability and Data Collection
The hub is intended to function as a high-reliability server focused on ensuring maximum uptime. In August, Schwartz announced plans for this hub, aimed specifically at UNL validators and other servers operating XRPL applications. Positioned as a dedicated production service, the hub will strive for optimal uptime and robustness, relying solely on its infrastructure.
Data collected from this hub will be utilized to understand network behavior and performance. Schwartz emphasized that there would be no disruptive testing unless absolutely necessary due to unusual circumstances.
Massive Outflow of Shiba Inu Tokens Sparks Concerns
Shiba Inu has recently experienced a staggering exchange outflow that could significantly impact its market dynamics.
On a single day, over 23.56 trillion SHIB tokens were reportedly moved, a figure that raises eyebrows due to its sheer volume. According to on-chain data from CryptoQuant, this unusual activity suggests either major internal repositioning by significant holders or unprecedented selling pressure. However, a more plausible explanation might be a tracking error or data anomaly, considering the behavior of the charts and the overall market trends.
Market Response to Token Movement Remains Unchanged
Typically, substantial token movements would result in widened price spreads, high-volume sell-offs, or noticeable price shifts. In this instance, however, the price action of SHIB appears to be quite standard, remaining below all critical moving averages.
There are no signs of unusual volatility or liquidity disruptions, indicating that the market is not reacting to the purported influx of trillions of tokens. The volume remains lackluster, and prices have not demonstrated any significant response. Clearly, the market is not incorporating the potential sell-side supply of trillions of tokens into its pricing structure.
