Peter Brandt Signals Potential Bitcoin Fall to $58K–$62K
Bitcoin hovers around $90.8K as expert Peter Brandt indicates a significant downturn may target the $58K–$62K range due to recent market behavior.
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Bitcoin hovers around $90.8K as expert Peter Brandt indicates a significant downturn may target the $58K–$62K range due to recent market behavior.
A significant leverage wipeout has led to a cash crunch in Bitcoin futures, yet larger investors continue to buy during the downturn.
The recent outflow of more than 580,000 BTC from exchanges has raised speculation about Bitcoin's price trajectory as key resistance levels are retested.
2025 marks a milestone as significant amounts of long-dormant Bitcoin come back into circulation, exceeding previous years' activity.
The SEC's recent decision permits in-kind redemptions for Bitcoin and Ethereum ETFs, simplifying trading processes for institutional investors.
Chinese authorities have brought to light a significant Bitcoin laundering operation involving a tech firm, amounting to nearly $20 million.

Metaplanet has expanded its Bitcoin (BTC) portfolio by adding another 780 BTC, bringing its total holdings to 17,132 BTC.
Michael Saylor significantly increases his Bitcoin holdings by securing $2 billion in preferred equity to purchase more BTC.
Market sentiment suggests Bitcoin could reach $125,000 by the end of July, driven by institutional enthusiasm amidst new crypto legislation.
Standard Chartered has become the first G-SIB to introduce direct spot trading for Bitcoin and Ether, aiming to meet the demand of institutional investors.
BlackRock's Bitcoin ETF IBIT outstrips the S&P 500 ETF in annual revenue generation, showcasing a significant demand for Bitcoin investments.
The inflow momentum for Bitcoin ETFs has stalled amidst a dip in prices and political challenges, marking a significant shift in investor sentiment.

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