Peter Schiff Predicts Bitcoin Crash, Crypto Market in Turmoil

Bitcoin Crash Deepens as Whale Activity and Schiff’s Warnings Stir Market Panic

The cryptocurrency market is once again facing turbulent waters, as Bitcoin’s sharp downturn accelerates amid a combination of whale-driven sell-offs and renewed bearish warnings from one of its most vocal critics, Peter Schiff. With prices slipping below the critical $110,000 threshold, the global crypto landscape has been shaken by both technical weaknesses and mounting macroeconomic pressures.

Peter Schiff, a long-time critic of Bitcoin, has resurfaced with another gloomy forecast. This week, Schiff reiterated his stance that Bitcoin remains vastly overvalued and predicted that the decline could intensify, pushing the leading digital asset as low as $75,000. His comments come at a time when the market is already fragile, amplifying fear among retail investors and institutional traders alike.

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Schiff’s skepticism is not new. In 2018, when Bitcoin traded near $6,000, Schiff controversially predicted it would collapse to $3,800. His warning at the time was dismissed by many enthusiasts, but the cryptocurrency eventually slid close to that level, vindicating him in the eyes of his supporters. Now, with Bitcoin hovering at $109,840 — down more than 1% in the past 24 hours — Schiff’s latest outlook has reignited a long-standing debate about Bitcoin’s true valuation.

Whale Movements Spark Massive Liquidations Adding fuel to the fire, on-chain data revealed that a single Bitcoin whale triggered the latest wave of panic by unloading 24,000 BTC, valued at approximately $2.7 billion. This massive transaction sparked more than $500 million in liquidations across leveraged trading platforms. The scale of the sell-off rattled confidence and accelerated Bitcoin’s descent through crucial support zones.

Historical records indicate that this whale once held as much as 94,000 BTC during the market peak of 2018 and still controls wallets valued at over $6 billion. For Schiff, this concentration of wealth in the hands of a few large holders demonstrates Bitcoin’s vulnerability to manipulation. "Bitcoin is not decentralized in the way its advocates claim," Schiff said in his latest remarks. "When whales can move the market at will, it shows just how fragile this so-called digital gold really is."

Technical Indicators Show Weakness Beyond whale activity, Bitcoin’s technical performance is raising alarms. Analysts note that the cryptocurrency has fallen below its 7-day and 30-day moving averages, flipping the $111,000 region into a formidable resistance level. The Relative Strength Index (RSI), a widely used momentum indicator, has slipped below 40, signaling potential for further downside.

Short-term investors appear to have capitulated, selling coins at a loss of around 3.5%. This has shifted supply into the hands of long-term holders, which some optimists view as a healthy development for future stability. However, with momentum indicators pointing south, the risk of Bitcoin sliding toward the $100,000 mark is increasingly plausible.

Currently trading just under $110,000, the world’s largest cryptocurrency is at a crossroads. The $107,000 to $110,000 support zone has become a critical battleground for bulls and bears. A decisive break below this range could pave the way toward Schiff’s predicted $75,000 target, while a successful defense may restore some degree of market confidence.

Macroeconomic and ETF Pressures Weigh on Sentiment The Bitcoin crash has not occurred in isolation. Broader macroeconomic forces have compounded the decline, intensifying selling pressure across the market. Nearly $940 million in leveraged positions were liquidated as prices plunged below $110,000. At the same time, U.S.-listed Bitcoin exchange-traded funds (ETFs) reported $4.6 billion in outflows this week, highlighting investor caution amid rising uncertainty.

Global markets are also grappling with the Federal Reserve’s uncertain policy outlook. Persistent speculation about interest rate decisions has left risk assets vulnerable, and Bitcoin, despite being touted as a hedge, remains highly sensitive to monetary policy shifts. Rising bond yields and a stronger U.S. dollar have further weighed on Bitcoin’s appeal in the short term.

Institutional Buyers See Opportunity Despite Schiff’s dire warnings, not all investors are retreating from Bitcoin. Institutional interest has provided a counterbalance to the bearish narrative. MicroStrategy, the business intelligence firm led by Bitcoin advocate Michael Saylor, reportedly acquired more than 3,000 BTC during the recent decline, spending approximately $357 million. Similarly, Japanese investment firm Metaplanet added over 103 BTC to its balance sheet.

For these institutions, Bitcoin’s price weakness is viewed as an opportunity rather than a threat. The long-term thesis of Bitcoin as a store of value and hedge against fiat currency debasement remains intact for many institutional buyers. This divergence between retail panic and institutional accumulation underscores the complex dynamics shaping today’s market.

Historical Context of Schiff’s Predictions Peter Schiff’s influence on the Bitcoin discourse cannot be understated. As an outspoken gold advocate, Schiff has consistently framed Bitcoin as a speculative bubble destined to collapse. His warnings have often coincided with major downturns, leading some investors to take his commentary more seriously than that of traditional analysts.

Yet, Schiff’s critics argue that his track record is far from perfect. While his 2018 prediction proved directionally correct, his broader dismissal of Bitcoin’s long-term trajectory has been challenged by its exponential rise over the past decade. From trading under $1,000 in 2017 to surpassing $110,000 in 2025, Bitcoin’s resilience has consistently defied even the harshest critics.

The Debate Over Bitcoin’s Future The current downturn has once again revived the central debate over Bitcoin’s role in global finance. Proponents argue that market corrections are a natural part of Bitcoin’s growth cycle and present opportunities for accumulation. Detractors, led by voices like Schiff, maintain that Bitcoin lacks intrinsic value and is destined to fail.

Source: CMC

The immediate focus remains on whether Bitcoin can stabilize above key support levels. If the $107,000 to $110,000 range holds, analysts believe a rebound toward $115,000 could be on the horizon. However, should bears succeed in breaking this floor, the path toward deeper declines becomes increasingly likely.

Looking Ahead The coming weeks will be crucial in determining Bitcoin’s next trajectory. With whales exerting outsized influence, technical indicators flashing warnings, and macroeconomic conditions adding volatility, traders are bracing for heightened uncertainty.

For now, the Bitcoin market is caught between two narratives: one of resilience fueled by institutional accumulation, and another of vulnerability underscored by whale dominance and skeptical voices like Schiff’s. Whether Bitcoin finds strength to recover or succumbs to further decline will depend on how these competing forces play out in the global financial arena.

As the digital asset continues to navigate this precarious landscape, investors worldwide are left to wonder if Peter Schiff’s bearish prophecy will once again prove accurate, or if Bitcoin’s history of defying expectations will prevail.

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