According to ChainCatcher, well-known trader Peter Brandt said in a recent blog post that Bitcoin may have peaked when it hit a new all-time high of $73,835. He expects Bitcoin to fall back to the mid-$30,000s, or even to the lows of 2021. Peter attributes this expected pullback to a phenomenon known as exponential decay, which he believes will affect crypto assets that recently hit a new all-time high of $73,835. He also said that such a decline could be "the most favorable thing" in the long run.