The storm clouds are gathering over Bitcoin. Prominent gold advocate and crypto skeptic Peter Schiff has issued a grim Bitcoin price prediction, warning that BTC could crash to $90,000 and wipe out all its gains for 2025.
Bearish Bitcoin Price Prediction: Peter Schiff Warns of $90,000 Crash
This would represent a further 10% drop from current levels, exacerbating a brutal November sell-off that has already triggered over $2 billion in liquidations. Schiff’s warning comes as Bitcoin struggles below $100,000 and Ethereum teeters near $3,000, down 40% from its August high.
Whales Dump, Shrimps Accumulate: A Critical Market Divergence
The driving force behind this downturn is a massive exodus of large holders. On-chain data from Santiment reveals a telling story: whales and sharks (holding 10-10,000 BTC) have sold 38,366 BTC since October 12, reducing their collective holdings by 0.28%. This selling pressure is being amplified by a relentless bleed from spot Bitcoin ETFs, which saw a devastating $577 million in outflows on November 4th alone—the highest since August 1st. However, a fascinating divergence offers a glimmer of hope. While whales sell, “shrimps” (holders of <0.01 BTC) have aggressively bought the dip, adding 415 BTC to their balances. This classic sign of retail capitulation often precedes a market bottom.
The Path to a Bottom: What Needs to Happen Next
For a sustained recovery, this dynamic must reverse. Analysts note that the market needs to see whales begin reaccumulating while retail traders finally capitulate. Historically, this shift in behavior has signaled the end of a correction. Furthermore, the relentless ETF outflows must subside. A key watch item is BlackRock’s IBIT, which saw zero flows on the worst outflow day in 2 months—a potential sign of stability. Until these flows turn positive, the Bitcoin price prediction will remain cautious.
The Bullish Counter-Narrative: Could QE Save the Day?
Despite the gloom, a potent bullish narrative lies in wait. BitMEX founder Arthur Hayes argues that the ongoing U.S. government shutdown could force the Federal Reserve and Treasury to initiate a new round of quantitative easing (QE) to stabilize markets. Such a massive liquidity injection would be profoundly bullish for scarce assets like Bitcoin, potentially launching the next parabolic phase. This means the very macro instability causing panic today could become rocket fuel tomorrow.
My Thoughts
This is a brutal but necessary cleanse. The market is flushing out the leverage and weak hands that built up during the run to $126,000. While Schiff’s prediction is extreme, the technical and on-chain data
