Daily Observation of Cryptocurrency Concept Stocks: BTC Drops to $61,300 - Charles Schwab Analyst's "Momentum Loss" Theory is More Worrisome than Saylor's AI Rotation Argument
Released on June 5, 2026. Bitcoin has fallen from a recent high of $82,500 on May 6 to $61,300 yesterday, a decline of about 26% over three weeks, with ETF funds experiencing a net outflow of $4.4 billion over 13 consecutive days. Two explanatory frameworks are circulating in the market: Saylor, the founder of Strategy, characterizes this as a "temporary loss of favor due to AI rotation"; meanwhile, according to crypto.news, an analyst from The Charles Schwab Corporation (NYSE: $SCHW) has raised more structural concerns—Bitcoin is losing to gold, AI stocks, and the "momentum competition" of large IPOs, which is not a rotation but a reordering of narrative priorities. These two interpretations correspond to two entirely different valuation paths, making it crucial for investors holding cryptocurrency concept stocks to clarify this distinction.