Coin expert Daniel Markson on social media stated, "Bitcoin's (BTC) market capitalization has decreased to the $1.52 trillion level, pushing it out of the top 10 in the global asset ranking. Amid an overall correction in the virtual asset market, Bitcoin has currently dropped to 13th place in the global asset market."

Trailing in Market Cap Behind Traditional Assets and M7 Tech Stocks Recently, Bitcoin has been trailing in market cap not only behind traditional safe-haven assets like gold and silver, but also behind all of the U.S.'s seven major tech stocks, known as the Magnificent Seven (M7) (Apple, Microsoft, Nvidia, Amazon, Meta, Alphabet, Tesla).

Institutional Funds Shift to Defensive Assets and AI Tech Stocks The primary cause of this downward trend is pointed to be the movement of funds by institutional investors. As global macroeconomic uncertainty grows, institutional capital is shifting toward relatively stable defensive assets and large-cap tech stocks backed by solid earnings.

In particular, the stock market boom centered on AI and tech stocks—such as Nvidia announcing plans for an additional $150 billion AI infrastructure investment in Taiwan and Goldman Sachs raising its year-end S&P 500 target to 8,000 points—appears to be absorbing capital from the virtual asset market. Combined with this, complex factors such as regulatory pressure on virtual assets and the uncertainty sparked during the geopolitical negotiations between the U.S. and Iran are weighing down the price of Bitcoin.

Market Outlook: Short-term Correction vs. Deep Recession Among market experts, opinions are divided on whether the current downward trend represents a market bottom following a short-term correction or the beginning of a deep recession signaling further declines.

[This article was written using AI technology and does not constitute investment solicitation or financial advice. Investing in virtual assets entails high volatility, requiring careful decision-making.]