Bitcoin price action has moved into a high volatility zone, and one well-known crypto trader is reinforces a bearish view which unfolds almost exactly as he projected. Doctor Profit – which previously pinpointed the $68,000 top in 2021 and this cycle’s top of $125,000 – now charts further downside, frames the current patch as just the first step in a much deeper decline.
Crypto Trader Reveals Bitcoin Price Target After $125,000 Peak
Bitcoin price has entered a pronounced down cycle, registering losses of 8.4% in the last 24 hours and more than 17% in the last two weeks. Dr Winst noted on X (formerly Twitter) that Bitcoin’s fall from $125,000 marks the first step in a larger bear market trend. He frames the current environment as a transition zone marked by short consolidation rather than true stabilization. Under his model, the next big move points to a deeper retracement, with Bitcoin price ultimately pulling towards the $60,000 region as the cycle’s next critical target.
This call is consistent with his historical cycling predictions. In previous cycles, he expected peak in 2021 near $68,000, projected a collapse towards $18,000, and then switched bullish on that bottom to predict the rally towards $120,000. With the latest reversal right at the levels he flagged months in advance, his bearish thesis has gained renewed credibility.
He too acute back to a September warning that the crypto market was set for a 30% decline. With about 25% already wiped out, he sees the decline as a broad repricing rather than a simple correction.
Grayscale and BlackRock Accelerate Massive Bitcoin Price Dump
In a separate post, Doctor Profit highlights unusually large outflows from top asset managers, framing the business as aggressive bearish positioning rather than panic. On-chain data supports this, as transmission logs show deep, continuous outflows from grayscale connected wallets to Coinbase Prime. These transactions include batches ranging from roughly 14 BTC to nearly 500 BTC per transfer, with several consecutive shipments exceeding $47 million each. The sequencing indicates coordinated unloading rather than isolated redistributions.
Similar, BlackRock’s IBIT vehicle executed a string of 300 BTC is repeatedly transferred to the same exchange infrastructure, along with other batches such as the 135,351 BTC movement captured in the logs. Each 300-BTC tranche reflects roughly $27-28 million in flow at recent prices.
Analysts observing these flows reported that more than $3 billion in Bitcoin hit exchanges in just 45 minutes on November 20, one of the most aggressive sales of the bike. As institutional sales grow and his cycle model closely follows prices, the market adjusts expectations. Bitcoin can stay well above the next predicted levels and keep attention on the way from $125,000 down to his $60,000 target.
Featured image created with Dall.E, charts from Tradingview.com
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