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After Bitcoin fell below $80,000, prominent Bitcoin critic and gold advocate Peter Schiff warned that Bitcoin could drop further to $75,000
After Bitcoin fell below $80,000, prominent Bitcoin critic and gold advocate Peter Schiff warned that Bitcoin could drop further to $75,000. He noted that if this level fails to hold, it could trigger a larger decline. Previously, Bitcoin's price briefly fell to approximately $79,226 on Saturday, October 24, marking a new low in over a month. This decline led to a massive liquidation in the cryptocurrency market, with over $815 million in leveraged long positions liquidated within 24 hours. Meanwhile, US spot Bitcoin ETFs recorded a total net outflow of approximately $773 million on Thursday and Friday.
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