Bitcoin Price Crash to $62K Incoming, Analysts & On-Chain Data Signals
Bitcoin's price has recently broken through multiple support levels, retreating to $92K amid global market uncertainty and whale liquidations. Experts, including veteran trader Peter Brandt, foresee a drop to $62K, driven by bearish signals from long-term holders and on-chain data.
Peter Brandt Predicts Bitcoin Decline to $58K-$62K
Renowned trader Peter Brandt anticipates Bitcoin's price falling within the $58K-$62K range, reflecting a bearish sentiment. The $58K mark aligns closely with the realized price and 200-week moving average.
Brandt shared a daily BTC price chart showing patterns akin to the October market downturn. Analysts like Ali Martinez echo this sentiment, some projecting a dip to $66K.
Martinez emphasized Bitcoin's pattern resemblance to 2022, suggesting a significant price decline is imminent. CoinGape reported Brandt's caution about a potential drop to $58K following BTC's breach of the $100K psychological level, illustrated by a weekly logarithmic chart hinting at further decline potential.
Analyst Cheds Trading noted an ongoing bear flag breakdown in the 4-hour BTC chart, identifying $90,400 as a crucial support level.
On-Chain Data Reveals Bitcoin Weakness
Short-term holders and whales have offloaded their positions as Bitcoin struggles to remain above $97K. The latest market rebound was primarily driven by derivatives and short liquidations, lacking substantial support from leverage traders.
According to Julio Moreno from CryptoQuant, Bitcoin holders are experiencing losses. The BTC 30-day Realized Net Profit/Loss metric shows realized losses for the first time since October 2023.
Onchain Lens reports that whales are initiating new short positions. The "255 BTC Sold" whale has liquidated BTC, ETH, SOL, and DOGE holdings, incurring a $2.64 million loss.
Glassnode observed Bitcoin's retreat to the low-$90K, with momentum cooling but staying above neutral, suggesting consolidation rather than a trend decline.
Despite elevated uncertainty, options traders remain wary of a price crash. Meanwhile, spot and futures indicators show positive sentiment, and Bitcoin ETF flows indicate renewed institutional interest.
The STH-NUPL metric highlights that new investors have faced net unrealized losses since November 2025.
Bitcoin's price has decreased by nearly 2% over the last 24 hours, trading at $90,889, with a 24-hour low and high of $90,833 and $93,358, respectively.