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Key Takeaways:
- Bitcoin dropped to $67K while S&P 500 and Nasdaq keep setting all-time highs
- Spot Bitcoin ETF outflows exceeded $23 billion in recent weeks, with a single day hitting $483.8 million on June 1st
- Strategy sold 32 BTC to cover preferred stock dividends – 0.0038% of its total holdings
- Institutions are absorbing Bitcoin at nearly 4x the rate it is being mined, per Binance Research
Our analysis of market flows over the past two months reveals a clear correlation: as capital withdraws from the crypto market, it is being aggressively redirected into AI infrastructure giants. This shift explains the stark contrast in performance, where an aggressive sector rotation has left Bitcoin nursing a roughly 20% loss year-to-date while tech hyperscalers post near-daily highs.
The AI Capex Arms Race Is Draining Liquidity From Everywhere Else
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