Bitcoin's Rally Stalls as Capital Flows into AI Stocks

Bitcoin's price rally has stalled as investors rotate capital into U.S. equities, particularly AI-related stocks, according to Glassnode.

The cryptocurrency is currently trading between $63,000 and $64,000 but struggling to sustain a meaningful rally due to weak liquidity, persistent ETF outflows, and eroding buy-side support.

Analysts warn that losing the June low of $58,500 could trigger deeper declines, while regaining the key recovery level of $68,700 with strong volume and ETF inflows could be a significant sign of recovery.

The Coinbase Premium Index has remained negative for 90 consecutive days, standing at minus 0.1066%, indicating weak U.S. spot demand.