The Crypto fairy tale is endin

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The Crypto fairy tale is ending. And wll those "businesses" which only existance is based on whatever Crypto assets they hold are in danger of drowning into nothingness.

MRTC is the worst of the lot. Michael Saylor's only "strategy" has been to hold Bitcoin and wait for it to hit a godzillion dollars each. MRTC's average cost for Bitcoin is around $84,000. Now it is below $60,000. No prize for guessing how their next quarterly results will look....

Investors Flee Bitcoin ETFs as Crypto Continues to Crumble

The crypto crash of 2026 is picking up steam. And investors are abandoning top Bitcoin exchange-traded funds as prices continue to slide.Bitcoin is now hovering just above $60,000, its lowest level since October 2024, according to Dow Jones Market Data. Bitcoin even briefly dipped below $60,000 earlier Friday. The price of the world's most valuable digital currency has now tumbled 18% during its six-day losing streak and has plunged more than 30% this year.Investors have been pulling money from top Bitcoin exchange-traded funds. The iShares Bitcoin Trust ETF, Fidelity Wise Origin Bitcoin Fund, Cathie Wood's ARK 21Shares Bitcoin ETF, and the Invesco Galaxy Bitcoin ETF have all suffered notable outflows during Bitcoin's recent losing streak.The iShares Bitcoin Trust, the world's biggest crypto ETF with about $50 billion in assets, saw more than $3.1 billion leave between May 18 and June 3, according to crypto data firm The Block."No firm with investors or shareholders can hold on to its

Investors Flee Bitcoin ETFs as Crypto Continues to Crumble

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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And wll those \"businesses\" which only existance is based on whatever Crypto assets they hold are in danger of drowning into nothingness.&nbsp;</p>\n<p>MRTC is the worst of the lot. Michael Saylor's only \"strategy\" has been to hold Bitcoin and wait for it to hit a godzillion dollars each. MRTC's average cost for Bitcoin is around $84,000. Now it is below $60,000. No prize for guessing how their next quarterly results will look....</p></body></html>","htmlText":"<html><head></head><body><p>The Crypto fairy tale is ending. And wll those \"businesses\" which only existance is based on whatever Crypto assets they hold are in danger of drowning into nothingness.&nbsp;</p>\n<p>MRTC is the worst of the lot. Michael Saylor's only \"strategy\" has been to hold Bitcoin and wait for it to hit a godzillion dollars each. MRTC's average cost for Bitcoin is around $84,000. Now it is below $60,000. No prize for guessing how their next quarterly results will look....</p></body></html>","text":"The Crypto fairy tale is ending. And wll those \"businesses\" which only existance is based on whatever Crypto assets they hold are in danger of drowning into nothingness. MRTC is the worst of the lot. Michael Saylor's only \"strategy\" has been to hold Bitcoin and wait for it to hit a godzillion dollars each. MRTC's average cost for Bitcoin is around $84,000. Now it is below $60,000. No prize for guessing how their next quarterly results will look....","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/572255434625944","repostId":2641142543,"repostType":2,"repost":{"id":"2641142543","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1780713050,"share":"https://ttm.financial/m/news/2641142543?lang=en_US&edition=fundamental","pubTime":"2026-06-06 10:30","market":"other","language":"en","title":"Investors Flee Bitcoin ETFs as Crypto Continues to Crumble","url":"https://stock-news.laohu8.com/highlight/detail?id=2641142543","media":"Dow Jones","summary":"The crypto crash of 2026 is picking up steam. And investors are abandoning top Bitcoin exchange-traded funds as prices continue to slide.Bitcoin is now hovering just above $60,000, its lowest level since October 2024, according to Dow Jones Market Data. Bitcoin even briefly dipped below $60,000 earlier Friday. The price of the world's most valuable digital currency has now tumbled 18% during its six-day losing streak and has plunged more than 30% this year.Investors have been pulling money from top Bitcoin exchange-traded funds. The iShares Bitcoin Trust ETF, Fidelity Wise Origin Bitcoin Fund, Cathie Wood's ARK 21Shares Bitcoin ETF, and the Invesco Galaxy Bitcoin ETF have all suffered notable outflows during Bitcoin's recent losing streak.The iShares Bitcoin Trust, the world's biggest crypto ETF with about $50 billion in assets, saw more than $3.1 billion leave between May 18 and June 3, according to crypto data firm The Block.\"No firm with investors or shareholders can hold on to its ","content":"<html><head></head><body><p style=\"text-align: left;\">The crypto crash of 2026 is picking up steam. And investors are abandoning top Bitcoin exchange-traded funds as prices continue to slide.</p><p style=\"text-align: left;\">Bitcoin is now hovering just above $60,000, its lowest level since October 2024, according to Dow Jones Market Data. Bitcoin even briefly dipped below $60,000 earlier Friday. The price of the world&#39;s most valuable digital currency has now tumbled 18% during its six-day losing streak and has plunged more than 30% this year.</p><p style=\"text-align: left;\">Investors have been pulling money from top Bitcoin exchange-traded funds. The <a href=\"https://laohu8.com/S/EEMA\">iShares</a> Bitcoin Trust ETF, Fidelity Wise Origin Bitcoin Fund, Cathie Wood&#39;s ARK 21Shares Bitcoin ETF, and the Invesco Galaxy Bitcoin ETF have all suffered notable outflows during Bitcoin&#39;s recent losing streak.</p><p style=\"text-align: left;\">The iShares Bitcoin Trust, the world&#39;s biggest crypto ETF with about $50 billion in assets, saw more than $3.1 billion leave between May 18 and June 3, according to crypto data firm The <a href=\"https://laohu8.com/S/XYZ\">Block</a>.</p><p style=\"text-align: left;\">Major crypto stocks such as brokerage <a href=\"https://laohu8.com/S/COIN\">Coinbase</a> Global and Bitcoin miners <a href=\"https://laohu8.com/S/MARA\">MARA Holdings</a> and <a href=\"https://laohu8.com/S/RIOT\">Riot Platforms</a> are suffering, too. Coinbase, for example, tumbled 9% Friday and is down more than 20% in just the past five days.</p><p style=\"text-align: left;\">Why has Bitcoin suddenly lost its appeal? A couple of factors are at play. The recent selloff of big chip stocks such as Broadcom have pressured Bitcoin and other top cryptos like Ethereum. The semiconductor sector&#39;s slide is a sign of wariness with riskier assets in general -- and Bitcoin tends to be at the top of that list.</p><p style=\"text-align: left;\">Some say investors may also need to sell assets like Bitcoin to have some dry powder ready to try to buy SpaceX as Elon Musk&#39;s rocket/AI giant gets ready for its eagerly awaited initial public offering on June 12. Claude developer Anthropic also recently filed confidentially for an IPO, and there is speculation that OpenAI owner ChatGPT will also soon look to go public.</p><p style=\"text-align: left;\">Richard Green, director of institutional at RootstockLabs, a Bitcoin infrastructure company, says institutional investment flows are helping drive the crypto&#39;s selloff.</p><p style=\"text-align: left;\">&#34;One big reason for the BTC weakness is the rush to find liquidity ahead of several anticipated IPOs, including SpaceX,&#34; he said. &#34;It appears as though investors are selling BTC for deploying capital into these forthcoming public offerings.&#34;</p><p style=\"text-align: left;\">A recent Bitcoin sale by Michael Saylor&#39;s <a href=\"https://laohu8.com/S/MSTR\">Strategy</a>, a major crypto investor and Bitcoin evangelist, hasn&#39;t helped sentiment either. The move might have some traders questioning if proponents of HODL -- crypto investor lingo for &#34;never sell Bitcoin&#34; -- are finally changing their tune, given the recent weakness.</p><p style=\"text-align: left;\">&#34;No firm with investors or shareholders can hold on to its Bitcoin forever,&#34; said Shawn Young, chief analyst with MEXC Research, a crypto exchange, in a recent report. Still, &#34;the uncertainty around [<a href=\"https://laohu8.com/S/STRF\">Strategy</a>&#39;s] position may cause investors to rethink their loyalty to the coin,&#34; he added.</p><p style=\"text-align: left;\">Of course, this isn&#39;t the first time that Bitcoin, a notoriously volatile asset, has experienced a major pullback in a short period. Crypto bulls note that Bitcoin has often been subject to sharp swings and has eventually bounced back.</p><p style=\"text-align: left;\">Matt Mena, senior crypto research strategist at 21Shares, a crypto ETF firm, said he still thinks Bitcoin will rebound to $100,000 by year&#39;s end. He said the crypto remains the best hedge against pullbacks in the dollar or other major global currencies.</p><p style=\"text-align: left;\">&#34;The need for a non-sovereign...asset that can serve as a potential hedge against debasement is more important than ever,&#34; he said.</p><p style=\"text-align: left;\">But other cryptos, including XRP, <a href=\"https://laohu8.com/S/HSDT\">Solana</a>, Hyperliquid, and Dogecoin, have all fallen in the past week, too. The market is suddenly more nervous about the possibility of higher interest rates following Friday&#39;s surprisingly strong jobs report. Rising rates tend to be bad for Bitcoin because it makes high-yielding bonds more attractive as a flight-to-safety trade. Bitcoin tends to be more of a &#34;risk-on&#34; asset that is highly correlated to stocks, particularly tech and other growth names.</p><p style=\"text-align: left;\">So conservative investors may want to steer clear of Bitcoin and other cryptos. The selling doesn&#39;t appear to be over yet.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Investors Flee Bitcoin ETFs as Crypto Continues to Crumble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInvestors Flee Bitcoin ETFs as Crypto Continues to Crumble\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-06 10:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">The crypto crash of 2026 is picking up steam. And investors are abandoning top Bitcoin exchange-traded funds as prices continue to slide.</p><p style=\"text-align: left;\">Bitcoin is now hovering just above $60,000, its lowest level since October 2024, according to Dow Jones Market Data. Bitcoin even briefly dipped below $60,000 earlier Friday. The price of the world&#39;s most valuable digital currency has now tumbled 18% during its six-day losing streak and has plunged more than 30% this year.</p><p style=\"text-align: left;\">Investors have been pulling money from top Bitcoin exchange-traded funds. The <a href=\"https://laohu8.com/S/EEMA\">iShares</a> Bitcoin Trust ETF, Fidelity Wise Origin Bitcoin Fund, Cathie Wood&#39;s ARK 21Shares Bitcoin ETF, and the Invesco Galaxy Bitcoin ETF have all suffered notable outflows during Bitcoin&#39;s recent losing streak.</p><p style=\"text-align: left;\">The iShares Bitcoin Trust, the world&#39;s biggest crypto ETF with about $50 billion in assets, saw more than $3.1 billion leave between May 18 and June 3, according to crypto data firm The <a href=\"https://laohu8.com/S/XYZ\">Block</a>.</p><p style=\"text-align: left;\">Major crypto stocks such as brokerage <a href=\"https://laohu8.com/S/COIN\">Coinbase</a> Global and Bitcoin miners <a href=\"https://laohu8.com/S/MARA\">MARA Holdings</a> and <a href=\"https://laohu8.com/S/RIOT\">Riot Platforms</a> are suffering, too. Coinbase, for example, tumbled 9% Friday and is down more than 20% in just the past five days.</p><p style=\"text-align: left;\">Why has Bitcoin suddenly lost its appeal? A couple of factors are at play. The recent selloff of big chip stocks such as Broadcom have pressured Bitcoin and other top cryptos like Ethereum. The semiconductor sector&#39;s slide is a sign of wariness with riskier assets in general -- and Bitcoin tends to be at the top of that list.</p><p style=\"text-align: left;\">Some say investors may also need to sell assets like Bitcoin to have some dry powder ready to try to buy SpaceX as Elon Musk&#39;s rocket/AI giant gets ready for its eagerly awaited initial public offering on June 12. Claude developer Anthropic also recently filed confidentially for an IPO, and there is speculation that OpenAI owner ChatGPT will also soon look to go public.</p><p style=\"text-align: left;\">Richard Green, director of institutional at RootstockLabs, a Bitcoin infrastructure company, says institutional investment flows are helping drive the crypto&#39;s selloff.</p><p style=\"text-align: left;\">&#34;One big reason for the BTC weakness is the rush to find liquidity ahead of several anticipated IPOs, including SpaceX,&#34; he said. &#34;It appears as though investors are selling BTC for deploying capital into these forthcoming public offerings.&#34;</p><p style=\"text-align: left;\">A recent Bitcoin sale by Michael Saylor&#39;s <a href=\"https://laohu8.com/S/MSTR\">Strategy</a>, a major crypto investor and Bitcoin evangelist, hasn&#39;t helped sentiment either. The move might have some traders questioning if proponents of HODL -- crypto investor lingo for &#34;never sell Bitcoin&#34; -- are finally changing their tune, given the recent weakness.</p><p style=\"text-align: left;\">&#34;No firm with investors or shareholders can hold on to its Bitcoin forever,&#34; said Shawn Young, chief analyst with MEXC Research, a crypto exchange, in a recent report. Still, &#34;the uncertainty around [<a href=\"https://laohu8.com/S/STRF\">Strategy</a>&#39;s] position may cause investors to rethink their loyalty to the coin,&#34; he added.</p><p style=\"text-align: left;\">Of course, this isn&#39;t the first time that Bitcoin, a notoriously volatile asset, has experienced a major pullback in a short period. Crypto bulls note that Bitcoin has often been subject to sharp swings and has eventually bounced back.</p><p style=\"text-align: left;\">Matt Mena, senior crypto research strategist at 21Shares, a crypto ETF firm, said he still thinks Bitcoin will rebound to $100,000 by year&#39;s end. He said the crypto remains the best hedge against pullbacks in the dollar or other major global currencies.</p><p style=\"text-align: left;\">&#34;The need for a non-sovereign...asset that can serve as a potential hedge against debasement is more important than ever,&#34; he said.</p><p style=\"text-align: left;\">But other cryptos, including XRP, <a href=\"https://laohu8.com/S/HSDT\">Solana</a>, Hyperliquid, and Dogecoin, have all fallen in the past week, too. The market is suddenly more nervous about the possibility of higher interest rates following Friday&#39;s surprisingly strong jobs report. Rising rates tend to be bad for Bitcoin because it makes high-yielding bonds more attractive as a flight-to-safety trade. Bitcoin tends to be more of a &#34;risk-on&#34; asset that is highly correlated to stocks, particularly tech and other growth names.</p><p style=\"text-align: left;\">So conservative investors may want to steer clear of Bitcoin and other cryptos. The selling doesn&#39;t appear to be over yet.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4588":"碎股","BK4600":"加密货币概念","BAGY":"Amplify Bitcoin Max Income Covered Call ETF","BK4112":"金融交易所和数据","HODL":"比特币ETF-VanEck","CBOJ":"Calamos Bitcoin Structured Alt Protection ETF - January","CBTA":"Calamos Bitcoin 80 Series Structured Alt Protection ETF – April","BITY":"Amplify Bitcoin 2% Monthly Option Income ETF","BK4594":"比特币ETF概念","BK4601":"加密货币现货ETF","XBTY":"GraniteShares YieldBOOST Bitcoin ETF","BITB":"比特币ETF-Bitwise","SBIT":"2倍做空比特币期货ETF-Proshares","BK4595":"比特币概念","DFII":"FT Cboe Vest Bitcoin Strategy & Target Income ETF","BTC":"Grayscale Bitcoin Mini Trust","BK4551":"寇图资本持仓","BFJL":"FT Vest Bitcoin Strategy Floor15 ETF - July","LU1861558580.USD":"日兴方舟颠覆性创新基金B","DEFI":"比特币期货ETF-Hashdex","LU1861217088.USD":"贝莱德金融科技A2","BTCC":"Grayscale Bitcoin Covered Call ETF","BK4539":"次新股","BITI":"1倍做空比特币期货ETF-Proshares","CBOO":"Calamos Bitcoin Structured Alt Protection ETF - October","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","CBTO":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - October","BK4554":"元宇宙及AR概念","CBTY":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - July","QBF":"Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly","BRRR":"比特币ETF-CoinShares","BPI":"Grayscale Bitcoin Premium Income ETF","CBXA":"Calamos Bitcoin 90 Series Structured Alt Protection ETF – April","BK4585":"ETF&股票定投概念","IBIT":"比特币ETF-iShares","GBTC":"比特币ETF-Grayscale","CBOY":"Calamos Bitcoin Structured Alt Protection ETF - July","BFAP":"FT Vest Bitcoin Strategy Floor15 ETF - April","BTCO":"比特币ETF-Invesco Galaxy","EZBC":"比特币ETF-Franklin","FBTC":"比特币ETF-Fidelity","CBXJ":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - January","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","ARKB":"比特币ETF-21Shares","BK4516":"特朗普概念","BTRN":"比特币期货ETF-Global X","BITU":"2倍做多比特币期货ETF-Proshares","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","BK4535":"淡马锡持仓","CBXO":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - October","BCCC":"Global X Bitcoin Covered Call ETF","BK4596":"哈里斯概念","CBXY":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - July","BTCW":"比特币ETF-Wisdom Tree","CBOA":"Calamos Bitcoin Structured Alt Protection ETF - April","BITX":"2倍比特币期货ETF-Volatility Shares"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2641142543","content_text":"The crypto crash of 2026 is picking up steam. And investors are abandoning top Bitcoin exchange-traded funds as prices continue to slide.Bitcoin is now hovering just above $60,000, its lowest level since October 2024, according to Dow Jones Market Data. Bitcoin even briefly dipped below $60,000 earlier Friday. The price of the world's most valuable digital currency has now tumbled 18% during its six-day losing streak and has plunged more than 30% this year.Investors have been pulling money from top Bitcoin exchange-traded funds. The iShares Bitcoin Trust ETF, Fidelity Wise Origin Bitcoin Fund, Cathie Wood's ARK 21Shares Bitcoin ETF, and the Invesco Galaxy Bitcoin ETF have all suffered notable outflows during Bitcoin's recent losing streak.The iShares Bitcoin Trust, the world's biggest crypto ETF with about $50 billion in assets, saw more than $3.1 billion leave between May 18 and June 3, according to crypto data firm The Block.Major crypto stocks such as brokerage Coinbase Global and Bitcoin miners MARA Holdings and Riot Platforms are suffering, too. Coinbase, for example, tumbled 9% Friday and is down more than 20% in just the past five days.Why has Bitcoin suddenly lost its appeal? A couple of factors are at play. The recent selloff of big chip stocks such as Broadcom have pressured Bitcoin and other top cryptos like Ethereum. The semiconductor sector's slide is a sign of wariness with riskier assets in general -- and Bitcoin tends to be at the top of that list.Some say investors may also need to sell assets like Bitcoin to have some dry powder ready to try to buy SpaceX as Elon Musk's rocket/AI giant gets ready for its eagerly awaited initial public offering on June 12. Claude developer Anthropic also recently filed confidentially for an IPO, and there is speculation that OpenAI owner ChatGPT will also soon look to go public.Richard Green, director of institutional at RootstockLabs, a Bitcoin infrastructure company, says institutional investment flows are helping drive the crypto's selloff.\"One big reason for the BTC weakness is the rush to find liquidity ahead of several anticipated IPOs, including SpaceX,\" he said. \"It appears as though investors are selling BTC for deploying capital into these forthcoming public offerings.\"A recent Bitcoin sale by Michael Saylor's Strategy, a major crypto investor and Bitcoin evangelist, hasn't helped sentiment either. The move might have some traders questioning if proponents of HODL -- crypto investor lingo for \"never sell Bitcoin\" -- are finally changing their tune, given the recent weakness.\"No firm with investors or shareholders can hold on to its Bitcoin forever,\" said Shawn Young, chief analyst with MEXC Research, a crypto exchange, in a recent report. Still, \"the uncertainty around [Strategy's] position may cause investors to rethink their loyalty to the coin,\" he added.Of course, this isn't the first time that Bitcoin, a notoriously volatile asset, has experienced a major pullback in a short period. Crypto bulls note that Bitcoin has often been subject to sharp swings and has eventually bounced back.Matt Mena, senior crypto research strategist at 21Shares, a crypto ETF firm, said he still thinks Bitcoin will rebound to $100,000 by year's end. He said the crypto remains the best hedge against pullbacks in the dollar or other major global currencies.\"The need for a non-sovereign...asset that can serve as a potential hedge against debasement is more important than ever,\" he said.But other cryptos, including XRP, Solana, Hyperliquid, and Dogecoin, have all fallen in the past week, too. The market is suddenly more nervous about the possibility of higher interest rates following Friday's surprisingly strong jobs report. Rising rates tend to be bad for Bitcoin because it makes high-yielding bonds more attractive as a flight-to-safety trade. Bitcoin tends to be more of a \"risk-on\" asset that is highly correlated to stocks, particularly tech and other growth names.So conservative investors may want to steer clear of Bitcoin and other cryptos. 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