Key Insights:
- Bitcoin price is struggling near $86,500, with failed rebounds showing buyers are losing strength, and downside pressure is building.
- Peter Schiff’s sell warning matches current market behavior, as institutions pull back through ETF outflows and risk appetite fades.
- A break below $86,400 could trigger a 9% drop toward $78,000, with weak money flow and large wallets stepping back, reinforcing the risk.
Over the past 24 hours, Bitcoin price has been down around 1.5% and was trading close to the $86,500 area at press time. Earlier this month, the price tried to move higher. That move failed. The follow-up attempts were weaker. Since then, things have gone quiet.
This is not panic selling. It does not look like fear. It looks more like hesitation. Buyers are still there, but they are careful.
Sellers are not rushing either, but they are slowly showing up more often. When markets behave like this, prices usually drift lower instead of dropping fast. That is where Bitcoin is right now.
Peter Schiff has been negative on Bitcoin price for years. That part is not new.
This week, he spoke about the US economy and the dollar first. He pointed out that gold and silver are rising while the dollar is weakening.
In his view, this shows that investors are moving away from risk and toward safety. After saying that, he mentioned Bitcoin.
He noted that Bitcoin (BTC) price was near $86,500 and said this was another reason to sell. Whether someone agrees with him or not is beside the point.
His comments line up with what the market is already showing. Money is becoming cautious. Risk appetite is lower than it was earlier this cycle.
Bitcoin price is not attracting aggressive buying right now.
Big Investors Are Not Stepping In, Impacting BTC Price Negatively
One of the easiest ways to see this is through money flow or the Chaikin Money Flow indicator (CMF).
When large investors feel confident, money moves into Bitcoin USD market steadily. When they are unsure, that flow slows down. Sometimes it turns negative. That is what is happening now.
Money flow indicators remain weak. Attempts to recover have failed. Recent weekly Bitcoin ETF data shows outflows instead of steady buying. Institutions are reducing exposure, not adding to it.
On the blockchain, the picture is similar. Some large wallets, including groups like WLFI, have trimmed Bitcoin holdings.
At the same time, there is more interest in Ethereum and defensive positions. This does not mean Bitcoin price or BTC USD is dead.
It means big players are waiting. They are protecting capital first.
Bitcoin Price Is Sitting on a Critical Level
The chart itself is starting to show stress. Over the past few weeks, Bitcoin price made several recovery attempts.
Each bounce was smaller than the one before. That kind of BTC price action often appears before a deeper pullback. However, the bearish head-and-shoulders pattern still remains.
The level that matters most right now is $86,400. Bitcoin has held above this area before. If it stays above it, the market can slow down and move sideways.
If it breaks below and fails to recover, the risk increases quickly.
In that case, traders will start watching the $78,000 zone for Bitcoin (BTC) price. That would be close to a 9% drop from current levels.
It would not be a crash. It would wipe out recent gains and reset the market.
With big money still standing aside, that risk to the Bitcoin cannot be ignored.