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[Bitcoin Long-Term Holders Sold Over 400,000 Coins in October, Price Drops Below $85,000] Economist Peter Schiff warns that Bitcoin long-term holders are transferring assets in large quantities to short-term investors, which may exacerbate the market downturn. In October, whales and long-term holders sold over 400,000 Bitcoins, causing the price to drop below $85,000. Early investor Owen Gunden cashed out approximately $1.3 billion worth of 11,000 Bitcoins, while 'Rich Dad Poor Dad' author Robert Kiyosaki sold all his Bitcoins at a price of $90,000.