Bitcoin is having the kind of year that makes hodlers reconsider their life choices. A brutal 15% weekly price drop has pushed BTC down to the $60,000-$62,000 range by early June 2026, marking one of the weakest stretches for the asset in a decade.
US spot Bitcoin ETFs hemorrhaged $2.7 billion in a single week ending around June 5, 2026. For the year so far, total outflows have surpassed $3.1 billion.
Where’s it going? Mostly into AI and semiconductor stocks, which have surged roughly 170% over the past year. While Bitcoin has shed about 40% over that same period, chip makers and AI infrastructure companies have been printing returns that make crypto’s glory days look modest by comparison.
Bitcoin, once the de facto “high-growth” allocation for institutions dipping their toes into alternative assets, now sits as the 13th largest asset by global market capitalization. As of late May 2026, it had been overtaken by several surging AI and semiconductor names that barely registered on institutional radars two years ago.
A decade of context
