Peter Schiff Bitcoin Crash Prediction Sparks Market Debate

Bitcoin Crash Deepens on Whale Selling and Schiff’s Bearish Call

BTC's most outspoken critic, Peter Schiff, is again in the limelight. In his recent comments, he had forecasted the current Bitcoin Crash to intensify, with prices declining towards $75,000.

His warning arrives when the crypto struggles below $110,000, sending shockwaves throughout the marketplace. 

This latest comment revived the Peter Schiff Bitcoin prediction.

Source: X (Previously Twitter)

In 2018, Peter Schiff tweets stated, it would fall to $3,800 when others believed the worst was past.

In those days, his comments generated controversy, yet prices did remain weak for a significant amount of time thereafter.

Bitcoin Whale Triggers Market Shock

The current Bitcoin Crash has been made worse by large whale moves. 

A major whale dumped 24,000 BTC worth $2.7 billion, sparking more than $500 million in liquidations. 

The action rattled traders and accelerated the drop, driving the currency under key support zones.

On-chain history demonstrates this whale once controlled around 94,000 BTC at the 2018 peak and it still holds wallets valued at over $6 billion. 

For Schiff, this kind of concentration is proof that it remains fragile and prone to manipulation.

Technical Breakdown Adds Pressure

The Bitcoin crash was also fueled by technical weakness. 

• It slipped below its 7-day and 30-day moving averages, flipping the $111,000 area into strong resistance. 

• Technical indicators like the RSI, now sitting below 40, signals that more downside could follow to 100K.

Data shows that short-term investors already surrendered, selling coins at about a 3.5% loss. This has shifted supply into the hands of longer-term holders. 

Source: CoinMarketCap 

Currently the coin is trading at $109,840 with a 1.09% decrease in the last 24 hours. 

Optimists view this as healthy, but Schiff insists that even at $75,000, the crypto would still be overpriced compared to its real value.

Macro and ETF Factors in Play

The sell-off was also worsened by macroeconomic pressures. 

• About $940 million in leveraged positions were dumped as this Bitcoin Crash digital asset crashed below $110,000. 

• U.S.-listed BTC ETFs saw $4.6 billion in outflows this week, another sign of investor caution.

• At the same time, uncertainty over the Federal Reserve’s rate path continues to weigh on risk assets. 

Institutions Keep Buying

Not all investors agree with Schiff’s pessimism. Strategy bought more than 3,000 BTC during the decline, spending nearly $357 million. Japanese firm Metaplanet also purchased more than 103 BTC to its balance sheet. For such institutions, the BTC news of falling prices represents opportunity rather than danger. 

Price Prediction

The Bitcoin Crash revealed how rapidly whales, technical failures, and macro fears can ignite pandemonium in the market.

Schiff is convinced that a drop to $75,000 is inevitable, but others predict that firmer hands soaking up supply can provide the stage for recovery.

Meanwhile, the market is stuck between fear and resilience. Traders are monitoring closely if BTC can sustain the $107,000–$110,000 support zone or if Schiff's warning turns out to be correct for the second time.