Peter Schiff’s ‘$75K Bitcoin call’ meets a vital week: Fed, inflation, and ETF outflows loom

Is Bitcoin’s recent pullback just the start of a bigger crash? The last 24 hours have been a reality check for investors. However, looking at how the upcoming week could unfold, this pullback might turn out to be more bullish than bearish. The logic is simple: With BTC falling beneath $80k, traders may be more hesitant to lever up chasing long positions, potentially reducing the risk of excessive bullish positioning. Interestingly, the on-chain data indicates that Bitcoin’s Open Interest (OI) has returned to the same levels as during the $87k rally.