Capital Rotation Behind Price Downfall

Liu argued on CNBC on Wednesday that over Bitcoin’s 17-year history, it has risen from mere cents to tens of thousands of dollars, reaching as high as $120,000 during the latest cycle.

“Over the long term, it is doing fine,” Liu said.

According to Liu, the primary reason behind disappointing price action is a shift in capital toward other speculative growth opportunities.

She pointed to the digital asset treasury boom that fueled crypto markets between June and September 2025 as a major source of liquidity.

Following such a strong rally, some rotation was inevitable. “There will be a bit of relaxation after that,” Liu said.

She also cited broader…

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