Bitcoin price has fallen by more than 14% in the last week and by 22.7% in the last four weeks. Strategy Chairman Michael Saylor stated that this weakness is not due to a permanent deterioration, but to the shift of capital to different areas.
AI investments and ETF exits stand out
In his post on X, Saylor pointed out that approximately 400 billion dollars have been directed to artificial intelligence infrastructure in the last six months. In contrast, he emphasized that there has been an outflow of $4 billion from spot Bitcoin ETFs traded in the USA since mid-May. According to him, this chart shows that some institutional investors are leaving Bitcoin and turning to the artificial intelligence theme.
Mini glossary: Spot Bitcoin ETF is an exchange-traded investment fund that directly tracks the price of Bitcoin. Capital rotation, on the other hand, refers to investors moving money out of one asset class and into another theme that is deemed stronger.
Michael Saylor, who made the assessment that “volatility creates opportunity”, framed the recent decline as a temporary capital movement rather than a structural deterioration.
This approach is based on the view that the pressure on prices may not be permanent. According to Saylor, although capital is directed to areas of interest in the short term, it may later return to Bitcoin. Strategy, formerly MicroStrategy, stands out as one of the most visible corporate companies in this field, known for the high amount of Bitcoin it holds on its balance sheet.
| Indicator | Data |
|---|---|
| Bitcoin 1 week change | more than 14% decline |
| Bitcoin 4 week change | 22.7% decrease |
| AI infrastructure investment | Approximately 400 billion dollars |
| US spot Bitcoin ETF debut | 4 billion dollars |
The sale of 32 BTC increased the pressure on the market
On the other hand, Strategy’s recent sale of 32 BTC was among the developments that strengthened the negative atmosphere in the market. According to analysts, this sell-off gave an additional negative signal to the already subdued price movement. However, the company still has 843,706 BTC.
One of the pessimistic comments in the market was shared on social media with the statement: “Bitcoin seems broken now. Even Saylor is selling now.”
Some analysts, interpreting the latest sales wave in a darker context, point not only to capital rotation but also to a broader confidence problem. In this view, the successive outflows on the ETF side, Saylor’s surprise sale of 32 BTC, and the fact that many major asset classes, from stocks to commodities, are trading at record or near-record levels, have made Bitcoin’s relative weakness more remarkable.
Two different readings stand out in the market
Thus, two main comments have come to the fore in the market. The initial view is that money has temporarily shifted to the AI theme, putting short-term pressure on Bitcoin. The second view argues that the recent decline may indicate a deeper break.
In the current chart, the direction of institutional flows and ETF data continue to be among the key indicators for Bitcoin. The question of whether the latest decline in prices is a temporary rotation or a more permanent weakness is being closely watched in the market.
