The tug-of-war between crypto and AI for institutional dollars is getting lopsided, and not in crypto’s favor.
K33 Research analyst Vetle Lunde warned on June 2 that Bitcoin may be headed for a turbulent summer as capital migrates out of digital assets and into high-performing AI-related equities. The catalyst isn’t mysterious: when the hottest trade on the planet is sitting in a different asset class, money follows.
Bitcoin fell to approximately $62,400 in early June while Ether slid to around $1,659. Both are trailing declines that started in the AI stock sector, where stretched valuations triggered a selloff that rippled across risk assets.
The institutional exodus in numbers
The data paints a clear picture. Spot Bitcoin ETFs recorded outflows of 62,794 BTC over a three-week period, marking the second-largest such streak on record.
