Bitcoin · Wall Street · Bitcoin Magazine
The same playbook, Lilly argued, is running again: institutions are building while retail checks out
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Bitcoin remains under pressure from ETF outflows, AI-driven capital rotation, and corporate selling, but institutional analysts argue its long-term store-of-value thesis remains intact as large investors continue accumulating while retail sentiment weakens.
Key facts
- The SpaceX IPO, set for June 12 on Nasdaq and targeting a valuation between $1.75 trillion and $2 trillion, has drawn significant retail attention away from digital assets, according to analysts
- On the legislative front, the CLARITY Act, a comprehensive digital asset market structure bill that would divide regulatory authority between the SEC and the CFTC, cleared the Senate Banking
- Bernstein has maintained a price target of $150,000 for Bitcoin in 2026, citing a structural shift in the investor base toward institutions including wealth management platforms, pension funds
- The bill passed the House last July with a 294-134 vote
Summary
Bitcoin traded around $63,000 on Monday, clawing back from a two-month low hit on June 5 as a confluence of headwinds, spot ETF outflows, macro uncertainty, and capital rotation into artificial intelligence stocks, pushed the world’s largest cryptocurrency roughly 50% below its all-time high of $126,279 reached in October 2025. The decline has triggered familiar scenes of capitulation.