Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Legendary Trader Peter Brandt Unveils End-of-Year Downside Price Targets for S&P 500, Bitcoin and Ethereum

Veteran trader Peter Brandt believes that risk assets such as the S&P 500, Bitcoin ( BTC ) and Ethereum ( ETH ) will see much lower levels by the end of the year. Starting with the US stock market, Brandt tells his 792,500 followers on the social media platform X that the S&P 500 looks bearish after breaching support at 5,800 and retesting the level as resistance. Brandt predicts that the S&P 500 will close the year slightly below 4,500 points. “The Red Dots are where I think we end the year in 2025.” Source: Peter Brandt/X As of Friday’s close, the S&P 500 is trading at 5,282. Looking at Bitcoin, Brandt sees BTC dropping to around the $50,000 price zone after violating a parabola that has kept Bitcoin bullish since 2023. “Not my opinion, but it is what the chart suggests as possible.” Source: Peter Brandt/X At time of writing, Bitcoin is trading for $85,280. Turning to Ethereum, Brandt predicts that ETH will plummet to around $600 by the end of the year. “ETHUSD” Source: Peter Brandt/X At time of writing, ETH is worth $1,616. As for gold, the trader thinks that the precious metal has more room to run to the upside this year. He shares a chart suggesting that gold has broken out of an ascending channel pattern and could hit prices close to $3,600. An ascending channel indicates that an asset is in an uptrend as it prints higher highs and higher lows. A channel breakout suggests that an asset is in the midst of a strong bull market. “Gold Finger, the market with the magic touch.” Source: Peter Brandt/X Gold is worth $3,327 as of Friday’s close. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Legendary Trader Peter Brandt Unveils End-of-Year Downside Price Targets for S&P 500, Bitcoin and Ethereum appeared first on The Daily Hodl . CoinTurk News

---

Blur Continues Monthly Token Unlocks as $340M Worth of $BLUR Hits Market

In keeping with its established token release schedule, Blur has moved another big batch of $BLUR tokens into the market. This month, 23.8 million $BLUR tokens—worth about $2.3 million—were sent to Coinbase Prime, the institutional arm of the crypto exchange. The transfer is the latest installment in Blur’s monthly token unlock cycle, which began in mid-2023 and has since become a key factor in the token’s price behavior and circulating supply. Blur began its token unlock process on June 15, 2023, as part of a larger plan to very slowly and very deliberately bring its full token supply into circulation. Since then, the project has set free a little over a third of its total $BLUR token supply—about 1.068 billion tokens (35.6%). Each batch of unlocked tokens has been sent off to Coinbase Prime, which very much suggests that Blur is making these tokens available for trading on the open market. The resulting unlocked tokens had a mind-boggling combined valuation at the point of transfer of an enormous $340 million. This really highlighted the unlock operation’s scale and made us rethink the token’s present-value proposition. But alas, here we are: the token’s trading value today is at $0.096, with the average transfer price being, by my estimate, around $0.318. 一月一解锁的 Blur 在 1 小时前将本月解锁的 2380 万枚 $BLUR ($2.3M) 转进 Coinbase Prime。 Blur 自 2023/6/15 进入解锁周期以来，已经解锁了 35.6% 总量的 BLUR (10.68 亿枚) 并转进 Coinbase Prime 进入市场流通。 以解锁转出时的价格计算，价值 $3.4 亿。转出平均价 $0.318，而 BLUR… https://t.co/rcxFGzufcb pic.twitter.com/MZCGF6E16y — 余烬 (@EmberCN) April 18, 2025 Token Unlocks Pressure Market as Prices Slide The average unlock price compared to the actual market price is getting larger. This emphasizes investor concern. Many in the community argue that the price going down is a direct result of too many unlocked tokens being dumped on the market. We have done quite a few unlocks now, and every one of them is basically creating a supply increase in the market. This is happening alongside demand that hasn’t really picked up in a major way. Blur’s strategy for unlocking tokens closely mirrors a familiar crypto project playbook—gradually releasing tokens held by teams, investors, and communities in a way that (ideally) avoids sudden supply shocks. In practice, though, scheduled unlocks can create problems for a project and its token, particularly in a bear market, or when demand just can’t keep up with new supply. They’re a kind of necessary evil in crypto, a way to ensure the people and institutions that helped make a project happen get compensated for their unpaid work and that the project doesn’t just fall apart. More than one-third of the total $BLUR supply has already been unlocked and is now in circulation, so the next phases of this release schedule have market participants’ full attention. If the trend seen so far continues, significant additional volumes of $BLUR will make their way into the markets over the next few months. The result could be a supply-induced downturn unless the markets can come up with some fresh $BLUR demand or supply-side use cases to absorb the unlocked tokens. Blur, which has zeroed in on NFT marketplace aggregation and DeFi tools, accumulated a lot of hype upon launch and during its early operations. But as the crypto world changes and the speculative juices dry up, it’s become tougher for the company to keep pumpin’ up investor interest and the value of its token. Blur remains busy running its unlock schedule, which is coming off with what seems to be lots of transparency and consistency. What does this mean for long-term holders of the token? Well, it may be a bit mixed. For institutional players, the predictable inflow of liquidity seems to be coming off fine and dandy, especially with its conjoined partner, Coinbase Prime. Market prices, however, don’t seem to be validating the token as retail investors and early adopters of this space who have bought in seem to be feeling the pinch. The path forward for $BLUR may rely tremendously on how Blur’s main offering and community develop. More usefulness, more platform users, or a revival in the NFT market could all steady or reverse the token’s present course. Until that day, the Blur ecosystem has to make sure that it doesn’t too freely expand liquidity. If it does, value could start drifting down, and a down market for any token is a distant cousin to the cash cows we do stables in Web3. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image(s): Shutterstock.com CoinTurk News