Bitcoin has fallen sharply in recent days, with prices trading near $63,500 after dropping below $62,000 at times. Strategy sold 32 Bitcoin last week, its first such move in over three years, while chairman Michael Saylor attributed the decline to capital rotation into artificial intelligence.
Bitcoin traded around $63,500 on Thursday after briefly falling below $62,000 earlier in Asia, marking a decline of about 14 percent over the past week. The cryptocurrency is down nearly 28 percent for the year and has triggered more than $1.5 billion in leveraged liquidations across crypto markets. Strategy, the largest corporate Bitcoin holder with 843,706 BTC, sold 32 Bitcoin recently. This contributed to unrealized losses exceeding $11 billion for the firm. Saylor described the price weakness as a temporary capital rotation, citing roughly $400 billion in AI infrastructure funding over six months and $4 billion in outflows from U.S. spot Bitcoin ETFs since mid-May. Analyst Reza Bundy of Atlas Capital warned that Bitcoin could fall as much as 70 percent in the next six months to between $26,000 and $30,000 if equities decline. He maintained a longer-term bullish view, projecting prices between $150,000 and $500,000 depending on economic scenarios. More than half of Bitcoin in circulation now sits at an unrealized loss, a condition that has historically aligned with bear market lows. Bitcoin also touched its 200-week moving average near $61,300.
