Peter Schiff, a vocal critic of cryptocurrencies, has reignited the debate about Bitcoin’s future with his prediction of a further price decline. In recent statements, he forecasted that Bitcoin prices will fall towards $75,000, prompting market shockwaves as the cryptocurrency struggles to stay above $110,000. 2018 marked a similar scenario when Schiff’s warnings on Bitcoin’s downturn were controversial, yet ultimately proved ineffective for long-term price movements. This latest prediction has been met with skepticism from traders and analysts. The crash is being exacerbated by substantial whale activity, with one prominent player dumping over 24,000 BTC worth $2.7 billion, triggering liquidations worth more than $500 million and pushing the currency below key support levels. This action was amplified by technical weakness as Bitcoin’s price dropped below its 7-day and 30-day moving averages, flipping the $111,000 area into resistance. On-chain history reveals this whale previously held significant holdings of Bitcoin at its peak in 2018, and continues to hold large-scale digital assets worth billions. This concentration further fuels Schiff’s claim that Bitcoin remains vulnerable to manipulation by powerful players. While some market participants, including institutions like Metaplanet and Strategy, are buying the dip, leading to a positive trend despite the overall bearish sentiment, Peter Schiff remains convinced that even at $75,000, Bitcoin will remain overpriced compared to its true value.