Peter Brandt Warns of Bitcoin Crash Risk as Whale Selling Triggers Sell-Off

Legendary trader Peter Brandt has raised concerns about a potential Bitcoin crash, citing a bearish reversal pattern and the significant selling activity from whales. His warning comes amidst a broader slump in crypto market cap, with Bitcoin falling below its recent record high. While some experts dismiss the massive sell orders as insignificant, Brandt argues that historical patterns may indicate a price correction is likely. He highlights the need for careful analysis, emphasizing that BTC needs to reclaim the $117,570 level to avoid further bearish sentiment.