Bitcoin traded around $63,000 on Monday, clawing back from a two-month low hit on June 5 as a confluence of headwinds — spot ETF outflows, macro uncertainty, and capital rotation into artificial intelligence stocks — pushed the world’s largest cryptocurrency roughly 50% below its all-time high of $126,279 reached in October 2025.

The decline has triggered familiar scenes of capitulation. Retail investors have largely stepped back, and mainstream headlines have leaned into the fear. But a growing chorus of institutional voices is pushing back hard.

In a report published Monday, analysts at Wall Street brokerage Bernstein said Bitcoin’s long-term “store of value”…

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