Bitcoin Veterans Cashing Out Could Trigger Deeper | Crypto News
Bitcoin has tumbled more than 30% from its all-time high of $126k and is trading around $85,500 after briefly falling to $82K, according to market studies. Traders warn that latest strikes by long-term holders are altering how the market reacts to stress. Liquidity has thinned, and that makes price swings bigger than common.
Schiff Issues A Stark Warning
According to gold investor Peter Schiff, Bitcoin is “finally having its IPO moment.” He said that when veteran holders flip into sellers, provide at the top of the market rises and future selloffs can develop into deeper.
“This much Bitcoin moving from strong to weak hands not only increases the float, but also means future selloffs will be bigger,” Schiff said on Saturday.
His view has been repeated by bearish voices for years, but this time the remark lands against clear on-chain strikes and big ETF outflows.
Traders word that when assured, long-term holders prune positions close to local peaks; when many do it at once, price motion often turns into more violent.
Some argue that after all these years Bitcoin is finally having its IPO second now that there’s enough liquidity for the OGs to money out. I agree, but this a lot Bitcoin transferring from strong to weak fingers not only will increase the float, but also means future selloffs shall be greater.
— Peter Schiff (@PeterSchiff) November 22, 2025
Whale Moves And Major Sales
Based on studies, whales and early wallets moved over 400,000 BTC in October, exercise linked with large promoting strain. One early investor, Owen Gunden, reportedly liquidated his complete 11,000 BTC stake across October and November.
High-profile retail figures also bought: Robert Kiyosaki announced a sale value roughly $2.25 million, saying he purchased when BTC was about $6,000 and bought close to $90,000, and that he plans to redeploy proceeds into income companies.
Analysts at Bitfinex level to two key drivers of the latest drop: long-term holder gross sales and leveraged liquidations in derivatives markets. When margin positions unwind, costs can cascade decrease before the market finds assist.
ETF Flows And Retail Sentiment
According to Bloomberg and fund filings, traders pulled almost $1 billion from Bitcoin ETFs in a single session, the second-largest daily outflow among the group of 12 funds.
BlackRock’s IBIT led with $355 million, while Grayscale’s GBTC and Fidelity’s FBTC each noticed about $200 million depart.
Over the past month, ETF merchandise have recorded roughly $4 billion in internet outflows. Citi Research figures cited by market watchers place every $1 billion withdrawn at roughly a 3.4% damaging swing in Bitcoin’s price.
Still, there was a counter-move: studies show ETFs posted $238 million of inflows yesterday, underlining how flows can reverse shortly.
Schiff’s warning exhibits that Bitcoin can still be shaken when big holders promote. Even with some establishments shopping for, transferring cash from long-term house owners to informal traders may make future price drops greater and quicker.
People watching the market will seemingly pay close consideration to what these veteran holders do, because their actions may determine how steep the next crash is likely to be.
Featured image from Born Free Foundation, chart from TradingView
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