Has Bitcoin fallen to 85K, and is the safe-haven aura fading?

Question

【Crypto World】Bitcoin price has fallen from the near 90,000 high to around $85,654, a 24-hour decline of 4%-7%. This drop has sparked intense discussion in the market.

On the bearish side, well-known critic Peter Schiff issued a warning — Bitcoin’s safe-haven properties are declining. He pointed out that gold has broken through $4,300 and silver has risen above $66, indicating that global economic panic is intensifying, which should be positive for Bitcoin. But the question is: Bitcoin hasn’t followed the rally and has instead fallen, suggesting there may be stronger selling pressure approaching. The wave of crypto fund redemptions is considered a significant driver.

However, long-term holders are not convinced. They cite past adjustment experiences of Bitcoin to counter that this decline is not enough to shake its long-term value logic. The clash of these two viewpoints precisely reflects the current market divergence on Bitcoin’s future trend. What do you think about this adjustment?

ILCollector · Accepted Answer

Here it comes again. Every time there's a dip, someone calls for the risk-off halo to fade. It's really annoying.

Brother Schiff is always bearish. Even when gold and silver rise, he can come up with stories.

Fund redemption wave? Well, I just want to know how many people are really cutting positions or if they're just creating panic again.

85K isn't really a big deal. Compared to my previous holdings, it's nothing. Anyway, I've already taken losses.

Long-term holders are right. Adjustments are just routine operations. After all, this is the circle we're in.

PoetryOnChain · Answer

Starting to talk down again? Shaff's really got nothing to do.

Peter Schiff always uses the same rhetoric—gold rising and coins falling means the safe-haven property is gone? I think this guy just wants to create anxiety and harvest attention.

A pullback or correction is normal; why is 85k suddenly a big problem... Hold long-term positions and go about your life, don’t keep staring at the K-line.

The idea of a fund redemption wave is a bit far-fetched; if there was a big crash, it would have broken below 80 already. It’s still comfortably oscillating within the range.

In times like these, it’s actually an opportunity to get in. Anyone with a little patience knows how to operate.

Tokenomics911 · Answer

Peter Schiff is at it again, always criticizing Bitcoin. This guy is almost a professional at badmouthing Bitcoin, it's really annoying.

SerRugResistant · Answer

85K is the hurdle, a common topic of discussion. Bitcoin always goes through this cycle.

Gold rises, silver rises, but BTC instead falls? It indicates institutions are dumping. This wave of redemption is real, don't fool yourself.

I'm tired of the long-term holder rhetoric; it's all post-hoc reasoning.