Bitcoin Price Crash to $62K Incoming, Analysts & On-Chain Data Signals

Bitcoin price broke multiple support levels to fall back to $92K levels amid risk-off sentiment, Greenland tariff-related fears, whale liquidations, and broader market pressures. Experts such as veteran trader Peter Brandt anticipate a Bitcoin price crash to $62K as long-term holders, whales, and on-chain data turn bearish.

Peter Brandt Predicts Bitcoin Price Crash to $58K to $62K

Veteran trader Peter Brandt predicts Bitcoin price is going to crash to the $58K-$62K range, maintaining a bearish outlook. Notably, the $58K price target is just above the realized price and 200-week moving average.

He shared a daily price chart for BTC, indicating a pattern repetition seen during the October crypto market crash. Other analysts including Ali Martinez agree with Brandt, with some suggesting a crash to $66K.

Notably, Ali Martinez highlighted that BTC pattern is similar to that of 2022. As Bitcoin typically follows its historical patterns, he expects a major Bitcoin price crash ahead.

As CoinGape reported earlier, Peter Brandt issued a warning of high odds of Bitcoin price crash to $58K after BTC broke below the $100k psychological support level. He shared a weekly Bitcoin logarithmic chart showing more room for BTC to fall, with the lower boundary of the green zone at mid $40K.

Popular analyst Cheds Trading pointed out that a bear flag breakdown is in progress in the 4-hour BTC chart. The $90,400 level is the key support level to watch.

Bitcoin On-Chain Data Signals Weakness

Short-term holders and whales dumped their holdings as BTC price failed to hold above $97K. The latest crypto market rebound was driven by derivatives flows and short liquidations rather than sustained demand from whales and investors, with no support from BTC leverage traders.

Julio Moreno, head of research at CryptoQuant, Bitcoin holders are realizing losses. The BTC 30-day Realized Net Profit/Loss on-chain metric shows realized losses for the first time since October 2023.

Onchain Lens revealed that whales are opening new short positions on BTC. It also noted that the “255 BTC Sold” whale has completely closed its BTC, ETH, SOL, and DOGE long positions, resulting in a realized loss of $2.64 million.

Meanwhile, on-chain platform Glassnode pointed out that BTC is slipping back into the low-$90K, with momentum cooling but remains above neutral. It claims that BTC is likely to consolidate rather than trend deterioration.

Options traders remain cautious Bitcoin price crash due to elevated uncertainty. However, spot and futures indicators show a rise in positive sentiment, while Bitcoin ETF flows signal renewed institutional demand.

The STH-NUPL on-chain metric, which measures the unrealized profit or loss of new BTC holders relative to STH-market cap, indicates new investors have remained in net unrealized losses since November 2025.

BTC price fell nearly 2% over the past 24 hours, currently trading at $90,889. The 24-hour low and high are $90,833 and $93,358, respectively.