Bitcoin fell 2% to $64,200 on Monday as corporate holders, including miners like Marathon Digital (MARA), sold positions to fund artificial intelligence data center buildouts and raise liquidity, according to market analysis.
The broader crypto market declined 2%, with total value at $2.18 trillion. Market breadth showed strain, with 10 coins falling for every 1 rising.
“The companies that made crypto respectable are leaving for AI, and that’s pressuring bitcoin,” Alex Kuptsikevich, chief market analyst at FxPro, said in analysis of the selloff.
Bitcoin miners have spent the past two years rebranding around AI data centers. The pivot reflects a broader corporate rotation: institutional money is moving out of Bitcoin positions to either build liquidity or rotate into AI infrastructure plays.
“Institutional money is now selling bitcoin to build liquidity or rotate into that trade,” Kuptsikevich added.
Technically, Bitcoin remains above its 50-day moving average, which has held nearly flat for three weeks, indicating a standoff between sellers and buyers. The stalled technical level underscores the lack of directional conviction in the market as capital reallocation continues.
