Investor Sentiment

AI-linked memory and semiconductor shares that dominated much of 2026 are losing momentum after a blistering run. Bitcoin has bounced from a two-year low, prompting fresh questions about whether capital is rotating back into crypto.

U.S. spot bitcoin ETFs have attracted roughly $4.06 billion in net outflows so far in June, setting up the worst month since launch. Last week alone, investors pulled about $1.79 billion from the funds.

Bitcoin’s slide to around $59,100 pushed a record 10.83 million BTC into loss, underscoring how sharply the latest decline has reset market sentiment. Even so, long-term holders now control a record 14.8 million coins, signaling that conviction remains intact despite the drawdown.

Bitcoin slipped back into the $60,000 area on Wednesday as the broader crypto bear market stayed intact. The move came alongside weaker gold and oil prices, while tech and AI stocks continued to attract capital.

SpaceX has soared to a roughly $2.5 trillion valuation after its June 12 debut, putting it among the world’s largest companies. The rally is raising questions about whether risk capital is shifting away from crypto and into AI-linked equities.