Bitcoin drops 13% in worst week since February as market narrative fades and liquidity shifts to other assets
By
Tanaya Macheel
If you only eat one bagel today, this is the bagel.
Summary
Bitcoin is experiencing its worst weekly performance since February, dropping 13% as the market loses its dominant narrative and liquidity rotates into other assets like chip stocks and the SpaceX IPO. The flagship cryptocurrency faces continued downside pressure as investors scale back risk and capital shifts toward markets with more momentum or clearer near-term catalysts.
Key quotes
· 3 pulledBitcoin is getting pummeled to kick off June as the market loses its dominant narrative and liquidity continues to rotate into other assets.
The combination has left the flagship cryptocurrency vulnerable to further downside pressure as investors scale back risk and capital shifts toward markets with more momentum or more obvious near-term catalysts, like the chip rally or the SpaceX IPO.
It's a familiar feature of crypto cycles: when the main narrative loses momentum, liquidity shifts quickly
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