Bitcoin’s slide may have more to do with AI than Strategy
Your day-ahead look for June 2, 2026
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Crypto’s near-term setup doesn’t appear supportive. Spot bitcoin ETF suffered an 11th straight day of net outflows and Strategy (MSTR), the largest corporate holder of bitcoin, said it sold 32 BTC for $2.5 million.
While the sale is small relative to Strategy’s holdings, it’s seen as symbolically important and bitcoin fell after the filing became public. Still, not everyone sees the sale as the real driver.
“Saylor / Strategy selling a few raspberries isn’t causing bitcoin to crash,” Pierre Rochard, a bitcoin researcher and board member at bitcoin holder Strive (ASST), wrote on X. “The reality is that there is a massive parabolic spike in AI-related equities that is vacuuming up all excess liquidity, multiples of bitcoin’s market cap.”
