Giant tech firm's Bitcoin sale sparks crypto market panic | News. az
The cryptocurrency market is undergoing a massive structural shift, and its historical safety net has vanished. Bitcoin recently plunged to a two-week low, hovering around $62,800. The drop marks a staggering. . .
The cryptocurrency market is undergoing a massive structural shift, and its historical safety net has vanished. Bitcoin recently plunged to a two-week low, hovering around $62,800. The drop marks a staggering 50% decline from its all-time record high in October. While sharp corrections are nothing new for crypto, analysts warn that this specific downturn is fundamentally different from previous cycles,News. Azreports, citingYahoo Finance. Historically, passionate retail buyers stepped in to "buy the dip" and cushion sharp declines. This time, everyday investors have largely gone quiet. According to Deutsche Bank research analyst Marion Laboure, the dominant buyers in the market are no longer individual retail investors—they are institutional ETF allocators and corporate treasuries. RECOMMENDED STORIESBinance pulls back applications in GreeceSK Hynix eyes $29 billion Nasdaq listing to boost AI growthEVM Layer-2 Token Little Pepe (LILPEPE) emerges as a meme coin contender with growing presale demandDow, S&P 500, Nasdaq futures dip as AI stocks extend declinesWhen institutional players rotate out of an asset, the fallout happens much faster. Investors have yanked more than $6 billion out ofBitcoin-tracking ETFs, marking the longest losing streak for these funds since 2024. Instead of sitting on cash, big money is aggressively abandoning crypto to chase the booming artificial intelligence sector. Adding fuel to the fire, enterprise software firm Strategy Inc. (NASDAQ: MSTR) recently sold 32 Bitcoin. While the transaction is minuscule compared to the firm's massive overall stash, it marks their very first disposal since 2022. The move has put the entire market on edge. Deutsche Bank points out that Bitcoin is currently trading below Strategy Inc. ’s average purchase cost of $75,699. This gap is raising urgent questions about whether heavily leveraged corporate holders will be forced to transform from long-term believers into sudden sellers. For now, the crypto world is anxiously looking toward Washington. Analysts note that any potential market rebound will depend entirely on institutional flows, macroeconomic indicators, and potential regulatory relief from Capitol Hill’s upcoming Clarity Act—all while battling a fiercely competitive AI sector for investor capital. News. AzBy Aysel Mammadzada