Schiff Warns of Another Bitcoin Crash as BTC Stalls

Bitcoin falters below $75,000 as Schiff renews crash warning

Bitcoin continued to trade under pressure near the $74,400 to $75,000 area even as major US equity indices rallied on November 9, prompting outspoken economist Peter Schiff to warn investors of a possible renewed collapse in BTC. The divergence between Bitcoin price action and the strong rebound in the S&P 500 and Nasdaq has reignited debates about crypto market resilience, institutional flows into spot ETFs, and the impact of macroeconomic data on digital assets.

Key takeaway

Bitcoin failed to join Wall Street's rally, remaining below $75,000. US spot Bitcoin ETFs saw roughly $1.28 billion in net outflows during the first week of November, and technical analysts point to a critical support zone around $74,400. Traders are watching upcoming US inflation metrics and Federal Reserve signals for clues on the December interest rate decision.

Market snapshot: equities rally, BTC lags

On November 9, Wall Street posted a sharp recovery after a tough week for tech and growth stocks. The S&P 500 climbed about 2.35% to 7,549.94, while the Nasdaq Composite rose roughly 2.74% to 25,253.14. The Dow Jones Industrial Average added around 2.15%, gaining more than 1,100 points. These gains were driven by easing pressure on semiconductor names and lower oil prices.

Despite the broad equity rebound, Bitcoin showed comparatively weak performance. The digital asset did not register a meaningful recovery alongside major US stock indices, leaving BTC lagging traditional risk assets in the latest bounce. Historically, Bitcoin has sometimes moved in tandem with equities, particularly technology shares, but its recent decoupling raises questions about market composition, liquidity, and investor appetite for crypto exposure.

Correlation with tech stocks

Previous sell-offs saw Bitcoin fall alongside tech equities, but the recovery pattern this week favored stocks more than crypto. Semiconductor heavyweights such as Advanced Micro Devices and Broadcom staged strong rebounds, yet Bitcoin remained under selling pressure, illustrating that crypto is not always a reliable proxy for broader risk-on behavior.

Schiff's warning and his track record

Peter Schiff, a long-standing Bitcoin critic, argued on social media that Bitcoin had slipped beneath a critical support zone even as equities, precious metals, and miners recovered. He warned investors there may be only a narrow window to exit positions before a larger downturn.

Schiff has repeatedly predicted major Bitcoin declines across market cycles. During the March 2020 crash he described BTC as a sinking ship after prices briefly traded below $7,000, though Bitcoin later recovered and surpassed previous highs. In early 2022 he cautioned that chances to sell above $40,000 were diminishing; prices did fall later that year before recovering to new records in 2024.

More recently, Schiff advised selling Bitcoin around $93,000 in November 2025, ahead of a subsequent drop below $60,000 in June 2026. He renewed his bearish stance in early November 2026 and emphasized urgency, telling followers to act quickly if they intended to sell.

While some of Schiff's bearish calls have not materialized into permanent collapses, his warnings often highlight real vulnerabilities in liquidity, leverage, and ETF flows that can amplify price moves when sentiment shifts.

ETF outflows and institutional selling pressure

One of the biggest headwinds for Bitcoin in early November has been persistent outflows from US spot Bitcoin exchange-traded funds. Between November 2 and November 6, US spot Bitcoin ETFs recorded approximately $1.28 billion in net redemptions. BlackRock’s iShares Bitcoin Trust (IBIT) accounted for the bulk of withdrawals, roughly $1.21 billion, including about $403 million on November 6 alone. Fidelity’s FBTC saw around $93.1 million in net inflows during the same period, but it was not enough to offset the withdrawals from competing funds.

These ETF outflows coincided with heavy liquidations in leveraged positions, increasing downward pressure on Bitcoin price. The selling extended beyond BTC-focused funds: US spot Ethereum products also recorded notable net outflows, losing roughly $365.2 million in the same week, underscoring a broader risk-off posture among some institutional participants.

Why ETF flows matter

Spot ETF flows are a significant measure of institutional demand for Bitcoin. Large-scale redemptions can force managers to sell spot BTC or unwind derivatives, which reduces available liquidity and may trigger cascading liquidations in margin-heavy parts of the market. This dynamic can magnify price moves, especially when technical support levels are being tested.

Technical outlook: support at $74,400 under scrutiny

Technical analysts are closely monitoring the $74,400 to $75,000 region as a key support band. Bitfire Research and other market watchers labeled the area an immediate support zone after Bitcoin failed to push back above $80,000 during the attempted recovery. If buyers cannot defend that range, further downside toward lower support levels could become more likely.

Short-term momentum indicators remain mixed: BTC is showing sensitivity to renewed selling pressure when equities retreat, yet intraday ranges still leave room for volatile rebounds. Traders using leverage should be cautious, as another wave of liquidations could quickly widen price moves.

Macro backdrop: jobs, inflation, and Fed policy

Macro data has complicated the outlook for risk assets. US employers added about 165,000 jobs in October, a figure that, combined with other data, increased the market-implied probability of another Federal Reserve rate hike in December to more than 80% on November 9. The October Consumer Price Index report, released on November 10, was expected to provide fresh information on inflation dynamics and influence the Fed’s policy calculus.

Higher odds of additional policy tightening generally weigh on risk assets and can reduce the appeal of leveraged crypto positions. For Bitcoin, the interplay between tightening monetary policy, ETF flows, and technical support levels will be pivotal for near-term price direction.

What traders should watch next

• ETF flow reports and large institutional transactions that could amplify price pressure.
• Price action around the $74,400 to $75,000 support zone; a decisive break could lead to deeper corrections.
• US inflation prints and Fed commentary that may shift expectations for December rate decisions.
• Liquidations and leverage metrics on major crypto derivatives platforms, which can accelerate declines.

Conclusion

Bitcoin’s failure to rebound with a resurgent US equity market has drawn renewed attention from critics like Peter Schiff and raised concerns among traders about liquidity and technical vulnerability. With substantial ETF outflows, a critical support band near $74,400, and a macro environment that increasingly points to tighter policy, BTC faces a sensitive period. Investors should weigh institutional flow dynamics, on-chain indicators, and upcoming economic data when assessing risk, and consider position sizing and risk management strategies in an environment that remains prone to rapid volatility.