Bitcoin traded around $63,000 on Monday, blow back since the two-month low hit on June 5 as a confluence of headwinds – ETF outflows, high uncertainty, and capital rotation in stocks – pushed the world’s largest cryptocurrency nearly 50% below its always high $126,279 due in October 2025.
The gradual decline has led to the familiar form of capitulation. Investors have pulled back, and major headlines have leaned on fear. But the growing chorus of corporate voices is coming back strong.
In a report published on Monday, analysts on Wall Street presentation Bernstein said that the long-term principle of Bitcoin “a store of value” has not been changed, as the amount of trading money for the sale of Bitcoin by financial companies has decreased to $ 12 billion so far in 2026, a significant decrease from $ 60 billion in 2025.
The company said the volume of sales has been a problem not just for ETF holders, but for financial firms that are liquidating positions — with ETFs drawing only about $2.6 billion in outflows year to date.
“Bitcoin being boring in this cycle should not be criticized,” wrote Bernstein, adding that the slow pace of trading does not affect Bitcoin ownership.
A brokerage report showed that 61% of Bitcoin in circulation has not moved in more than a year – a figure that points to the bottom line of owners unwilling to sell at current prices.
Bernstein retained a the price is $150,000 for Bitcoin in 2026, citing the changing trend of institutional investors including wealth management platforms, pension funds, and sovereign wealth funds.
The firm previously described the beginning of 2026 as indicating a “weak bear case” in the history of Bitcoin, saying that the growth adopted between banks and large financial companies separates the current decline from the winter crypto.
Organizations accumulate Bitcoin as traders rotate
The long-term pressure on prices has several well-known sources. Capital it has circled in the rush to enter commercial AI, hundreds of billions have flown into hyperscalers by the biggest names in technology in recent months.
The SpaceX IPO, launched on June 12 on the Nasdaq and is looking for a price between $ 1.75 trillion and $ 2 trillion, has attracted a lot of commercial interest away from the digital economy, according to experts who follow the relaunch. Trading Strategy for Bitcoin has also added selling pressure to the market.
On the legislative front, the CLARITY Act — a comprehensive bill for the digital asset market that would divide jurisdiction between the SEC and the CFTC — cleared the Senate Banking Committee in May by 15-9. vote.
The bill passed the House last July by a vote of 294-134. Its finalization into law could end years of uncertainty that has plagued the company’s end-of-market funds.
Brownstone Research senior crypto researcher Ben Lilly drew a direct parallel to the bear market of 2022, when BlackRock launched a private Bitcoin trust in August of that year at the depth of the fall – moving to advance the most successful ETF Launch in history, BlackRock places Bitcoin ETF (IBIT), which reached $80 billion in assets under management five times faster than the owner of the previous record, Vanguard’s S & P 500 ETF.
The same playbook, Lilly argued, is being repeated: organizations are building while retailers are exiting.
