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2026-08-01:AI Equity Contagion Drags Bitcoin Below $63K as Smart Money Rotates to On-Chain Yield

Published 2 months, 1 week ago
Description
Bitcoin fell below $63,000, but the most revealing part of this selloff may not be on Bitcoin’s chart. While roughly $265 million rushed out of spot Bitcoin ETFs, Ethereum funds quietly pulled in fresh capital. Is Wall Street beginning to treat ETH as a yield asset while Bitcoin becomes a proxy for AI-stock risk? Meanwhile, whales have placed Bitcoin buy orders as low as $47,000, LINK buyers are accumulating into a bearish setup, and decentralized derivatives open interest has surged to a record $11.5 billion. Add a $1.3 billion liquidation pocket near $61,524, and the market’s next move becomes far more nuanced than “risk off.” https://deepmarket.report/en/report/crypto/2026-08-01?utm_source=podcast&utm_medium=rss&utm_campaign=podcast-crypto-en&utm_content=2026-08-01-en&utm_term=report_link
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