Peter Brandt Identifies Two Significant BTC Downside Targets
Bitcoin has received a cautionary signal from trading expert Peter Brandt, who forecasts a potential drop to either $81,852 or as low as $59,403 per BTC.
- BTC Targeting $59,000. According to Brandt’s recent Bitcoin chart, a weekly five-leg ascent has been followed by a curve break.
Brandt’s latest Bitcoin (BTC) analysis indicates a tough message for bulls. His weekly framework reveals a distinct five-leg rise, a broken curve, and two target zones significantly lower than current prices: one at approximately $81,852 and a deeper target around $59,403 per BTC.
With 50 years of market experience, Brandt doesn’t view these targets as signs of panic, but as a necessary correction following an excessive market run as traders anticipated continuous policy shifts.
- Broader Perspective. Brandt draws parallels between the end of 2025 and late 2021, suggesting a reverse scenario where prices decline while traditional indices like the S&P 500 hold steady.
This broader perspective clarifies why Brandt’s targets seem reasonable. Just as late 2025 mirrors late 2021 in reverse, current prices are decreasing while major indexes, like the S&P 500, remain stable. Four years ago, the market was bracing for quantitative tightening, whereas the narrative today leans towards easing.
Ripple’s CTO Details New XRPL Hub’s Purpose
David Schwartz has provided insights into his efforts on the XRP Ledger, discussing the hub’s significance.
- Importance of XRPL. In a recent tweet, Schwartz highlighted that his hub, running on rippled v2.6.2, has encountered no issues, leading to inquiries about its purpose.
In response to a user’s question, Schwartz outlined three main reasons for establishing a hub on the XRP Ledger. Firstly, he wanted to resume XRPL infrastructure after a hiatus, finding it an exciting venture.
Secondly, he identified increased latency among certain validators and believes a robust megahub could significantly enhance reliability by reducing latency and network diameter. Lastly, localized performance problems within XRPL prompted the need for a hub to test his hypotheses regarding these issues.
- Aiming for Reliability. The hub is intended to serve as a single, high-reliability server focused on maximizing uptime.
In August, David Schwartz announced plans for a hub dedicated to UNL validators, alongside other XRPL application servers. This single hub is designed as a production service aimed at high reliability, without conducting disruptive tests unless absolutely necessary.
Massive 23.5 Trillion SHIB Outflow Sparks Concerns
Shiba Inu is currently experiencing a significant exchange outflow that could drastically alter the situation.
- Unusual Activity. Over 23.56 trillion SHIB changed hands in just one day.
Recent on-chain data shows that more than 23.56 trillion SHIB transferred in a day, raising suspicions due to its irregularity. If accurate, this may indicate significant internal restructuring among large holders or unprecedented selling pressure; however, a simpler explanation like a tracking error remains more plausible given the current market behavior.
- No Market Impact Observed. Typically, such a vast amount of tokens entering exchanges would lead to notable market reactions.
Yet, there is no evidence of unusual volatility or liquidity shocks; SHIB’s price movements seem standard. It remains below all significant moving averages, and the lack of pronounced market reactions indicates that the market is not pricing in this trillions-strong sell-side supply.
