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Bitcoin drops below 60,000 — it’s not a problem with the crypto market; someone is bleeding out.
The AI giants (Anthropic, OpenAI, SpaceX) are raising funds and listing in a flurry. Within a few months, Wall Street is set to put out nearly $500 billion. Where does the money come from? The crypto market is one of the faucets.
ETFs have seen net outflows for three straight weeks, and nearly 60,000 BTC have been siphoned away — it’s not retail investors selling; it’s traditional capital giving AI a blood transfusion.
But the interesting part is that in SpaceX’s prospectus, there are nearly 20,000 BTC sitting there. On one hand, they manufacture panic; on the other, they clutch Bitcoin as a trump card.
The good news is that crypto is being embedded into the global core-asset pricing system, no longer just a pure casino.
In the short term, 70,000 is a pressure wall, and the bleeding will continue. But the people washed out in the shakeout are always the ones who can’t hold.
60,000 Bitcoin — do you dare to keep holding it?
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