Key Takeaways
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Bitcoin price dropped to a two-month low below $70,000 as investors increasingly favor equities.
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U.S.-listed Bitcoin ETFs recorded approximately $483.8 million in net outflows on June 1.
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While sentiment has turned bearish, Santiment believes growing “stock market FOMO” and “crypto FUD” could suggest a rebound.
Bitcoin fell to a two-month low as persistent selling pressure weighed on sentiment, prompting analysts to worry that investors are increasingly shifting capital from BTC to stocks.
It comes as Bitcoin’s price fell below $70,000, down 3.8% over the previous 24 hours, according to CoinMarketCap data.
However, the market intelligence platform Santiment noted that mainstream influencers…
