Capital rotation into artificial intelligence may have played a bigger role in Bitcoin\u2019s latest selloff than most market watchers initially assumed.<\/p>\n
Michael Saylor, whose company Strategy<\/a> recently sold a portion of its Bitcoin holdings, pushed back on criticism and pointed instead to an unprecedented flow of money into AI infrastructure as a key factor behind the drop.<\/p>\n Strategy\u2019s Bitcoin sale briefly made Saylor a target. TV personality Jim Cramer went as far as to say Saylor had \u201cmurdered Bitcoin,\u201d a claim Saylor denied outright.<\/p>\n He argued that capital markets have been funding the AI buildout<\/a> at historic scale \u2014 roughly $400 billion over six months \u2014 and that the pressure on Bitcoin was a rotation of capital, not a sign of structural damage to the asset.<\/p>\n SBI Holdings Chair Yoshitaka Kitao echoed that view, pointing to the upcoming IPOs<\/a> of SpaceX, Anthropic, and OpenAI as likely draws pulling money away from crypto.<\/p>\n The immediate trigger, however, was a US jobs report that caught markets off guard. The Bureau of Labor Statistics reported non-farm payrolls rose to 172,000 in May 2026, more than double the Wall Street estimate of 85,000. The unemployment rate held steady at 4.3%.<\/p>\n That reading spooked investors. BNP Paribas said the data opens the door to as many as three Federal Reserve rate hikes, a scenario that historically weighs on risk assets like Bitcoin. From $62,500, BTC fell sharply to around $59,000 following the release.<\/p>\n At the time of reporting, Bitcoin was trading at $59,990<\/a>, down 6% in 24 hours \u2014 its lowest price since October 2024.<\/p>\n Spot Bitcoin ETFs have now recorded 14 consecutive sessions of outflows, with cumulative negative flows approaching $5 billion.<\/p>\n Bitget CEO Gracy Chen identified those outflows as a significant factor in the broader crypto market decline.<\/p>\n \u90a3\u4e2a\u8bf4\u8fc7\u5356\u80be\u4e0d\u5356\u5e01\u7684\u7537\u4eba\u7ec8\u4e8e\u90fd\u5356\u5e01\u4e86 \u6211\u4e0d\u662f\u5728\u770b\u7a7a\u3002\u6211\u53ea\u662f\u89c9\u5f97\uff0c\u8be5\u8bf4\u7684\u98ce\u9669\u4e0d\u80fd\u88c5\u6ca1\u770b\u89c1\u3002\u2026 https:\/\/t.co\/Sj0Y8zanys<\/a> pic.twitter.com\/2f0QxTKJYM<\/a><\/p>\n \u2014 Gracy Chen @Bitget (@GracyBitget) June 4, 2026<\/a><\/p>\n<\/blockquote>\n On Friday alone, Bitcoin saw $545 million in total liquidations, according to CoinGlass data<\/a>. Long positions accounted for $444 million of that figure, meaning a wave of automated selling hit the market as prices fell through key levels, compounding the downward move.<\/p>\n Whether the $59,000 zone holds as support remains to be seen. The combination of macro pressure, sustained ETF redemptions, and shifting capital flows has left the market on edge.<\/p>\n Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<\/div>\nRelated Reading<\/span><\/h2>\n<\/p>\n
Saylor Pushes Back On Blame<\/h2>\n
Jobs Data Delivers The Blow<\/h2>\n
ETF Outflows Add To The Pressure<\/h3>\n
\n
\u73b0\u8d27ETF\u8fde\u7eed13\u5929\u51c0\u6d41\u51fa\uff0c\u7d2f\u8ba1$43.7\u4ebf\uff0c\u662f\u5386\u53f2\u6700\u957f\u8fde\u7eed\u6d41\u51fa\u7eaa\u5f55
BTC\u8dcc\u7a7f\u4e86\u6708\u7ebfEMA50\u652f\u6491\u7684$65K<\/p>\nRelated Reading<\/span><\/h2>\n<\/p>\n