Bitcoin Breaks Sixty-Five K as Institutional Demand Cracks

**SPEAKER_1** (0:00)
Welcome to Stock Market Today, your market briefing with actionable insights on stocks, bonds, crypto, and the events moving markets.
Let's get into it. Bitcoin just broke $65,000 and the damage is accelerating. Price is down 6.4% overnight, touching a nine-week low before stabilizing around 67,000. That breakdown triggered $1.88 billion in forced liquidations, the largest wipeout since February.
Long positions absorbed $1.6 billion of that pain, with Bitcoin longs losing $880 million and Ethereum longs down $470 million.
Institutional demand is collapsing. Spot Bitcoin ETFs hemorrhaged $3.2 billion in outflows through Tuesday.
Record territory, micro strategy paused weekly buys to focus on debt buybacks. Prediction markets now price 66% probability. Bitcoin falls below $55,000 by year end. The 14-day RSI dropped below 30 Classic oversold territory that historically precedes bounces. But analysts warn institutional and corporate bids are evaporating. Meanwhile, equities are ripping. The S&P 500 just closed its ninth straight day higher. Dow hit record 14, NASDAQ at all-time highs. Bunch of i-stocks are driving everything. The Philadelphia Semiconductor Index rallied 6% to records. That divergence is the story. Crypto correlations with equities officially broke. Capital is rotating hard into AI and semiconductors while digital assets bleed. On the institutional front, Mastercard expanded stablecoin settlement to USDC, PayPal USD, and Ripple's RLUSD across 8 blockchains including Ethereum, Solana, and Base. The SEC published its draft strategic plan designating digital assets a priority through 2030, but the private credit sector is cracking. Cliffwater capped redemptions for Q2, sending KKR down 5%, Apollo down 3.7, Blackstone down 5.5 in pre-market.
Critical support for Bitcoin sits at 65,000. Break that and 60,000 is next. Hold above 65 and over-leveraged shorts could fuel a relief bounce. That wraps your market intel. Trade smart out there. For deeper insights and real-time analysis, visit capitalcopilot.io.