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Benjamin Njiri

Michael Saylor says AI boom is rotating capital from Bitcoin as ETFs see ~$4B outflows

Strategy founder Michael Saylor said Thursday that Bitcoin's recent softness reflects capital rotating into AI, not a fundamental problem with BTC. He pointed to about ~$400B flowing into AI buildouts over 6 months and roughly ~$4B in spot Bitcoin ETF outflows since May 14 as key pressures. Analysts also flagged upcoming AI IPOs as a potential driver of continued weakness, with some chart watchers eyeing support near $61K and a possible move toward $53.8K.
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