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Bitcoin Drawdown Risks Rise as Long-Term Holders Offload Large Positions, Warns Peter Schiff
Concerns about deeper Bitcoin price declines are growing after several prominent long-term holders began offloading major portions of their holdings. Gold investor and economist Peter Schiff believes these moves signal a structural shift in the market that could amplify future volatility. He argued over the weekend that Bitcoin is “finally having its IPO moment,” claiming the market has matured enough for early adopters to exit with significant liquidity. “This much Bitcoin moving from strong to weak hands not only increases the float, but also means future selloffs will be bigger,” Schiff said. Long-Term ... (full story)
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