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As the price of Bitcoin (BTC) slides to 2022 lows, Bitcoin bears have come out to voice their opinions. Popular names in the BTC space, such as FTX CEO Sam Bankman-Fried, and John Carvalho, heeded words of caution overnight, while former gold advocate Peter Schiff and perennial pessimist, CryptoWhale, were willing to kick the coin while it’s down. <\/strong><\/p>\n On Thursday, a cascade of liquidations eliminated plus<\/a> of USD 318 million positions in BTC<\/strong>, more than 88% of which were long. The price corrected to about $ 42,500 per BTC.<\/strong><\/p>\n News about the mining ban in Kazakhstan and the US Federal Reserve’s decision to raise rates were the likely causes of the crash.<\/strong> of the trust of the cryptocurrency market.<\/p>\n Schiff tweeted<\/a> that if “Bitcoin falls below $ 42,000, it will head to $ 30,000. If it falls below $ 30,000, it could crash at $ 15,000. This could all happen very soon.” <\/strong>He encouraged leveraged investors in BTC to sell now to avoid liquidation at lower prices.<\/p>\n CryptoWhale, a self-proclaimed cryptocurrency analyst and permanent bear, with over 400,000 Twitter followers, He said<\/a>: \u201cBitcoin will fall below $ 10,000 this year. Do not forget”<\/strong>. The account has said that BTC will drop below $ 10,000 from<\/a> October last year.<\/p>\n Bitcoin Fear and Greed Index is at lows not seen since 2021<\/strong>, which is usually the moment when the bugles of \u201cOG\u201d BTC sound. Registered a punctuation<\/a> 15 or extreme fear Thursday morning.<\/strong><\/p>\n Bankman-Fried didn’t exactly calm investors’ concerns over bearish woes<\/strong>. Recommended<\/a> that the best thing in a bear market is to build before hastily clarifying that “just because it goes down today does not mean it will go down tomorrow.”<\/p>\n By last, Carvalho, CEO of the newly created Synonym Software, did not mince words when it came to the recent movements in the price of BTC:<\/strong><\/p>\n EVERYONE must endure the brutal Bitcoin rite of passage of a bear market where their investments are severely under water.<\/p>\n This includes Elon, Jack, and Saylor.<\/p>\n Y Tu.<\/p>\n\n