Peter Schiff Warns Bitcoin Near $90,000 Offers Selling Opportunity
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Market Warning: As Bitcoin approaches $90,000, Peter Schiff warns that this price level presents a selling opportunity for investors, despite a recent 1.92% increase, market activity has dropped by about 40%, indicating insufficient participation that could impact future price movements.
- Leverage Growth: Despite weak market sentiment, traders added approximately $2.4 billion in leverage across Bitcoin and Ethereum markets, increasing futures open interest from $35 billion to $38 billion, suggesting that investors are still opening new positions in a sluggish market, potentially heightening future volatility risks.
- Whale Activity: Two newly created wallets withdrew 1,600 Bitcoin from Binance within three hours, valued at about $143.65 million, raising questions about whale intentions; however, some traders remain cautious, arguing that a single event does not define market trends.
- Market Balance: Bitcoin prices fluctuate around $88,000, reflecting a balance between buyers and sellers; while Schiff's warnings and rising leverage indicate market division, the overall price direction remains unclear, prompting investors to monitor future market dynamics.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.







