Bitcoin has struggled to shed its image as a speculative asset for retail traders, and its recent selloff is revealing a new market dynamic. While Wall Street's involvement brought legitimacy and scale to Bitcoin, the absence of retail buyers, who once helped cushion sharp declines, is now making the market more fragile.
The cryptocurrency recently touched a two-week low, trading around $62,800. This price represents a significant drop of about 50% from its all-time high achieved in October.
The article from Bloomberg was published on June 24, 2026, at 12:27 PM UTC. It highlights that the departure of retail investors means Bitcoin is less able to absorb downward price movements, creating vulnerability in the current market environment.
