Peter Schiff Urges Bitcoin (BTC) Holders to Sell Below $75,000

Schiff Tells Holders to Sell

Bitcoin (BTC) extended its slide on Monday, November 9, when the Bitcoin price broke under the $75,000 mark and touched $73,477 during the session, a drop that pushed more than $1 billion of leveraged positions into liquidation. The coin has stayed under the lost level since, and it trades near $74,263 at the time of writing, marginally lower over 24 hours. The breakdown drew a pointed response from Peter Schiff, the gold proponent and prominent critic of Bitcoin maximalism, who told holders to exit while a window remained open. In a post on X on Monday, Schiff laid out his case: equities, including technology and precious-metals mining shares, rallied broadly alongside gold and silver, yet Bitcoin traded back under the key $75,000 support. “Only a short window remains before the crash. Sell before the close,” he wrote, adding in a later reply that a steep decline was inevitable and that holders should sell before the price fell further. His argument rests on a divergence that has widened since the midterm elections: US equities have been broadly flat while Bitcoin (BTC) has lost more than 4%, whereas gold has gained more than 5%, silver close to 7% and gold mining stocks more than 18%. He described the split as a preview of what lies ahead and advised positioning accordingly. Monday’s session matched the pattern, with gold up about 1.7% at a settle of $4,141.14 per ounce while Bitcoin sagged, extending weakness that has run through the wider Bitcoin market for several weeks.

@PeterSchiff · X post

Laid out his case.

View on X

The market now sits directly on the strongest computed floor in our support and resistance framework. The $74,193 level carries a composite score of 100 out of 100, drawn from the lower Bollinger Band, the S1 pivot, the 0.500 Fibonacci retracement and the lower Keltner channel, and spot has so far defended it: the live print is $74,263, down 0.25% over 24 hours. First resistance stacks at $78,046, scored 94, where the 20-day and 100-day EMAs and the R3 pivot converge. Positioning adds little urgency either way: the perp funding rate reads 0.0055% and open interest stands at $15.64 billion. A daily close beneath $74,193 would remove that cushion, while a recovery toward $78,046 would clear the nearest heavy band; the full level map sits on our Bitcoin technical analysis page.

ETF Outflows and MARA’s 13,597 Bitcoin

Schiff has circled the $75,000 line for more than a month. On October 24, with Bitcoin (BTC) barely above $80,000, he said the next stop was likely $75,000 and warned that exchange-traded fund holders faced a very long weekend waiting for markets to reopen. A week later, after gold’s own slump, he called that selloff an accidental gift and recommended adding to positions. The target has now been reached, and the crash call is the part of his forecast still being tested. Fund-flow data shows US spot Bitcoin ETFs recorded $1.28 billion of outflows last week, the largest weekly departure in roughly four months, and the coin also closed below its 50-week moving average, ending seven straight weekly closes above the line, a streak that had survived even the aftermath of the $6.3 billion hack suffered by Binance. Miners added supply: the mining company MARA disclosed in its quarterly filing on Monday that it sold 13,597 BTC after the third quarter closed, using proceeds to repay a $750 million loan; our tracking of MARA and Riot’s 2026 Bitcoin sales puts the pair at 56% of public company disposals. Derivatives positioning cuts against Schiff’s direction: open-interest data shows about $1.3 billion in short positions face liquidation if Bitcoin recovers to $79,000, against roughly $400 million of long exposure that would unwind only near $72,000. The analyst camp is split: Benjamin Cowen, who has argued all year that falling equities would drag Bitcoin lower in the fourth quarter, expects more downward pressure, while Sean Hagan calls the current zone an excellent buying opportunity for holders who HODL through drawdowns. Cathie Wood of Ark Invest took the opposite side of Schiff’s trade on Monday evening, saying gold will fall and that Bitcoin will keep outperforming the metal. What would change the weak reading set out here: a soft CPI print on Tuesday that lifts risk assets, or a return of net ETF inflows, would close Schiff’s sell window before the crash thesis gets its test, and the weekly close relative to the 52-week average is the other line watchers are marking.