
Peter Brandt’s parabolic-collapse thesis has reignited talk of deep BTC drawdowns; this article parses the technical warnings, layers on-chain and macro context, and delivers a tactical hedging and re-entry playbook for traders and allocators.

A predicted difficulty increase on December 11 will reshuffle miner economics, forcing older rigs out and changing short‑term selling dynamics. This explainer walks through the drivers, immediate margin impacts, institutional behavior, and the on‑chain and macro indicators to watch next.