Key takeaways

• Bitcoin is down nearly 30% year to date as ETF outflows, institutional selling, and regulatory uncertainty weigh on investor sentiment.
• A massive derivatives liquidation event accelerated the selloff, with roughly USD 1.8 billion in crypto positions wiped out in 24 hours.
• According to analysts, investors are moving into AI and technology stocks, leaving crypto struggling to compete for capital.

Bitcoin’s sharp decline has deepened into one of the cryptocurrency market’s most painful corrections in years, with BTC briefly falling toward the USD 61,000 level and extending losses to 13% over the week.

The cryptocurrency is down about 29% year to date after this week’s battering, contrasting with US stocks, with the