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Presto Research highlights that Bitcoin's recent declines align with increases in AI stocks and gold, as the market adjusts its outlook on potential Fed interest rate reductions.
By Sam Reynolds Updated Jun 4, 2026, 2:20 a.m. Published Jun 4, 2026, 2:13 a.m. 1 min readMake preferred on
Key Insights:
- Bitcoin's price dipped below $62,000 during Asian trading hours, leading to over $1.5 billion in leveraged crypto liquidations within a 24-hour period, with more than $800 million tied to Bitcoin and $386 million to Ethereum.
- This downturn occurred amid ongoing weakness in institutional interest, with U.S. spot Bitcoin ETFs experiencing around $1 billion in net outflows this week, marking an unprecedented series of withdrawals.
- Analysts from Presto Research suggest that Bitcoin's downturn indicates a shift in investor interest towards gold and AI stocks, as market participants reevaluate Federal Reserve rate cut expectations, implying that a recovery may rely on reduced inflation concerns and renewed interest in assets sensitive to liquidity.
Bitcoin's value briefly fell below $62,000 on Thursday morning in Hong Kong, triggering a wave of forced selling that resulted in the most significant decline in months.
According to CoinGlass data, over 208,000 traders were liquidated in the crypto markets, with Bitcoin losses exceeding $800 million and Ethereum losses amounting to $386 million.
This liquidation surge coincided with a notable decline in institutional demand. Investors have withdrawn close to $1 billion from U.S. spot Bitcoin ETFs this week, according to data from SoSoValue, extending the funds' record streak of outflows.
Presto Research noted in a recent report that Bitcoin's decline may be attributed to a broader competition for investor funds rather than a specific issue within the cryptocurrency market.
The analysis indicated that Bitcoin's significant drops this year have coincided with surges in gold and AI stocks, as investors adjusted their expectations regarding Federal Reserve rate cuts.
If this trend continues, Presto suggests that Bitcoin's recovery could be less influenced by developments within the crypto market and more by alleviated inflation concerns and a renewed focus on liquidity-sensitive investments.
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