Peter Brandt: Bitcoin to Bottom in August to October, Then Skyrocket
Jan 30 – Renowned trader and chartist Peter Brandt, who accurately called the 2018 Bitcoin crash, shared a chart analysis Tuesday morning highlighting two key crypto market patterns:
- The Ethereum (ETH) chart has formed a symmetrical triangle.
- The total cryptocurrency market capitalization is exhibiting a right-angle extension pattern.
Bulls will need to confirm a breakout to take the lead, Brandt noted. Historically, such formations typically signal further volatility or a downtrend, underscoring bearish dominance.
The analyst also forecast: “Bitcoin will bottom and rebound between August and October before skyrocketing. That’s the current read, at least.”
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On-chain Night Recap: Whale Rebalancing Accelerates, Market Enters Tug-of-War Phase
**January 30th Whale Rebalancing Trends (10:00 AM – 8:00 PM ET)**
*Via HyperInsight monitoring (https://t.me/HyperInsight)*
### Bullish Moves
- Whale "Buddy": Closed an ETH long position at a $1.584M loss, then immediately re-entered a new ETH long.
- Whale "DASH Biggest Bear": Boosted silver long exposure—went long on $20.53M worth of silver with 20x leverage.
### Bearish Moves
- Whale "Long-Term BTC Bear": Placed a BTC limit buy order for the dip, targeting $75,123–$76,228.
- Swing whale "pension-usdt.eth": Closed an ETH short position for a $2.721M profit, then reopened an ETH short.
- Whale "Lightning Reversal": Closed a BTC short position for a $0.103M profit, then shorted 5,806.6 ETH (25x leverage) at an average entry of $2,744.99.
### Notes on American English Adaptations:
1. **Time clarity**: Added "ET" (Eastern Time) to align with U.S. context; used "AM/PM" instead of 24-hour time.
2. **Conciseness**: Simplified phrases like "immediately went long on
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OKX will list ZAMA spot trading on February 2nd.
OKX Announces ZAMA Spot Trading Launch, Contract Conversion on Feb 2
Per official updates dated January 30, cryptocurrency exchange OKX will launch ZAMA spot trading and convert pre-open contracts to standard perpetual contracts on February 2, 2026.
Key Details:
- **ZAMA/USDT Spot Trading**: Goes live at 21:00 UTC+8 on February 2, 2026.
- **Pre-Open Contract Conversion**: Occurs within 3 hours starting from 21:00 UTC+8 on the same date. Conversion will be finalized during this window if the underlying index remains stable.
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「Counter Trading Strategy」 BTC Short Take Profit, Simultaneously Add to ETH, SOL Long Positions
January 30 — Per HyperInsight monitoring data, a whale tied to “Strategy Opponent Trading” closed its Bitcoin (BTC) short position tonight, while rolling over to boost its long positions in Ethereum (ETH) and Solana (SOL).
As of press time, the whale’s ETH long position has risen by 6,494.93 coins (equivalent to ~$17.8 million, exact value: $17,799,230.76). Its SOL long position has jumped by 182,507.23 coins (worth ~$21.77 million, exact value: $21,770,570.42).
Note: In December, the address significantly ramped up its BTC short position, alongside adding short positions in BTC, ETH, and other mainstream coins. At one juncture, it held a $120 million position and was briefly the largest BTC short whale on Hyperliquid.
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