On Thursday, Bitcoin's price dropped to around $63,000, continuing a downward trend in the cryptocurrency market, which has seen over $1 billion in liquidations. This decline is largely attributed to a significant $400 billion capital rotation towards artificial intelligence investments, as noted by Michael Saylor, executive chairman of Strategy. Data from Coinglass indicates that 288,483 traders were liquidated within 24 hours, resulting in losses of approximately $1.74 billion. Additionally, spot Bitcoin ETFs experienced net outflows of $396.6 million, while Ethereum ETFs saw $52.9 million in outflows. The market is currently in a bearish phase, with analysts observing whether Bitcoin can maintain support above $60,000 or risk breaking below this critical level. Some traders speculate that Bitcoin's market cycles are accelerating, potentially leading to new all-time highs before the next halving in April 2028.