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Bitcoin crashes below $80K, Peter Schiff warns of a drop to $75K amid heavy market sell-off

Market News
25 Oct 2026
UToday
View Source
Bearish
Bitcoin crashes below $80K, Peter Schiff warns of a drop to $75K amid heavy market sell-off

Bitcoin fell below the key $80,000 level during a sharp market sell-off, prompting veteran critic Peter Schiff to predict a further decline to $75,000. The drop caused massive liquidations, wiping out over $815 million in leveraged positions within 24 hours, mostly affecting bullish traders. Additionally, U.S.-listed Bitcoin ETFs saw significant outflows, indicating weakening institutional demand. Schiff warns that failure to hold $75,000 could lead to a deeper correction, especially as ETFs cannot sell over the weekend, potentially prolonging the downturn.

As of Oct 25, 2026 13:21 WIB, Bitcoin trades at Rp1.456.937.434 on Pluang, showing a minimal 1-day change of -0.03%. Despite the sharp sell-off mentioned in the article, Pluang's order activity leans more towards buying at 63%, with a typical hold time of 112 days. The market cap stands at Rp29.322,84 trillion, highlighting sustained investor interest amid volatility.

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