Since May 14, Bitcoin<\/a> has fallen about 20%, dropping from $82,040 to around $64,000. The slide accelerated after Strategy, the business intelligence firm led by executive chairman Michael Saylor, disclosed it had sold 32 BTC for approximately $2.5 million \u2014 a small fraction of its total holdings, but enough to rattle sentiment across the broader market.<\/p>\n Capital markets are funding the AI buildout at historic scale: ~$400B over 6 months. Bitcoin ETFs have seen ~$4B of outflows since May 14, pressuring $BTC<\/a>. This is a capital rotation, not a Bitcoin impairment. Volatility creates opportunity.<\/p>\n \u2014 Michael Saylor (@saylor) June 4, 2026<\/a><\/p>\n<\/blockquote>\n Saylor took to X on Thursday to offer his explanation for the drop<\/a>. Capital markets are funding artificial intelligence infrastructure at what he described as a historic scale, drawing money away from Bitcoin and other assets in the process.<\/p>\n According to Saylor, more than $400 billion has been directed into AI-related investments<\/a> over the past six months, with major Wall Street institutions joining the push. That flood of capital, he argued, is behind the outflows hitting Bitcoin ETFs \u2014 not any fundamental weakness in Bitcoin itself.<\/p>\n He framed the pullback as a buying window. \u201cVolatility creates opportunity,\u201d Saylor said.<\/p>\n Not every fund has been caught in the tide. The BlackRock iShares Bitcoin Trust and Grayscale\u2019s Mini Bitcoin Trust have both held onto positive flows since January 1, reports indicate.<\/p>\n\n
Saylor Points To AI Spending As The Culprit<\/h2>\n
\nSilver Linings Remain<\/p>\n