Capital rotation into artificial intelligence may have played a bigger role in Bitcoin’s latest selloff than most market watchers initially assumed.
Saylor Pushes Back On BlameStrategy’s Bitcoin sale briefly made Saylor a target. TV personality Jim Cramer went as far as to say Saylor had “murdered Bitcoin,” a claim Saylor denied outright.
Jobs Data Delivers The BlowThe immediate trigger, however, was a US jobs report that caught markets off guard. The Bureau of Labor Statistics reported non-farm payrolls rose to 172,000 in May 2026, more than double the Wall Street estimate of 85,000. The unemployment rate held steady at 4.3%.
That reading spooked investors. BNP Paribas said the data opens the door to as many as three Federal Reserve rate hikes, a scenario that historically weighs on risk assets like Bitcoin. From $62,500, BTC fell sharply to around $59,000 following the release.
ETF Outflows Add To The PressureSpot Bitcoin ETFs have now recorded 14 consecutive sessions of outflows, with cumulative negative flows approaching $5 billion.
Bitget CEO Gracy Chen identified those outflows as a significant factor in the broader crypto market decline.
那个说过卖肾不卖币的男人终于都卖币了 现货ETF连续13天净流出，累计$43.7亿，是历史最长连续流出纪录 BTC跌穿了月线EMA50支撑的$65K
Whether the $59,000 zone holds as support remains to be seen. The combination of macro pressure, sustained ETF redemptions, and shifting capital flows has left the market on edge.
Featured image from Unsplash, chart from TradingView
