Bitcoin Could Face Choppy Summer as Capital Shifts to AI Stocks, K33 Says

Bitcoin and AI-related stocks are both high-risk growth assets. As investors chase AI, semiconductor and technology IPO opportunities, capital could be diverted from the crypto market. K33 Research is therefore monitoring demand for ETFs and derivatives. Fundstrat co-founder Tom Lee, meanwhile, said AI agents and real-world asset tokenization would strengthen Ethereum’s position as financial infrastructure.

On June 1, 2026, K33 Research said Bitcoin had fallen to about $67,000, while spot ETFs recorded net outflows of 62,794 BTC over nearly three weeks, the second-highest total on record. Open interest in CME futures dropped to its lowest level since October 2023, prompting K33 to warn that choppy trading could persist through the summer. On June 4, Lee set a long-term Ethereum target of $250,000, about 50 times its price at the time.