{"id":30094,"date":"2026-06-08T19:41:41","date_gmt":"2026-06-08T18:41:41","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/06\/08\/bitcoin-63000-store-of-value-thesis-institutional-investors\/"},"modified":"2026-06-08T19:41:45","modified_gmt":"2026-06-08T18:41:45","slug":"bitcoin-63000-store-of-value-thesis-institutional-investors","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/bitcoin-63000-store-of-value-thesis-institutional-investors\/","title":{"rendered":"Bitcoin Holds Near $63,000 as Institutional Investors Stay the Course"},"content":{"rendered":"\n

Bitcoin<\/strong> is navigating a turbulent stretch, but the big hands aren’t folding. With the price hovering around $63,000<\/strong> \u2014 roughly 50% below its all-time high \u2014 institutional analysts are displaying a surprising degree of conviction. The store of value<\/strong> thesis, far from being buried, appears more structurally grounded than ever, backed by players who simply aren’t selling.<\/p>\n\n\n\n

Behind the pullback, several forces are competing: rotation into AI<\/strong>, corporate treasury liquidations, and regulatory uncertainty. But on-chain<\/strong> data tells a different story \u2014 one of a long-term holder base that continues to hold firm.<\/p>\n\n\n\n

A 50% Pullback That Isn’t Convincing Institutions to Sell<\/h2>\n\n\n\n

Bitcoin<\/strong> hit a two-month low on June 5, weighed down by a confluence of headwinds: net outflows from spot ETFs<\/strong>, macroeconomic uncertainty, and a massive capital rotation into artificial intelligence<\/strong>-linked tech stocks. Since its ATH of $126,279<\/strong> reached in October 2025, the correction has exceeded 50% \u2014 a level that, historically, triggers waves of capitulation among retail investors.<\/p>\n\n\n\n

And that’s exactly what’s happening: retail is pulling back, and the headlines are leaning into fear. But on institutional trading desks, the narrative is radically different. In a report published Monday, analysts at Bernstein<\/strong> stated that Bitcoin’s long-term thesis as a store of value<\/strong> remains intact<\/a>, despite a marked slowdown in inflows into spot ETFs<\/strong> and corporate treasuries \u2014 $12 billion<\/strong> since the start of 2026, compared to $60 billion across all of 2025.<\/p>\n\n\n\n

Notably, Bernstein<\/strong> clarifies that the selling pressure is coming primarily from corporate treasuries unwinding their positions<\/a>, not from spot ETFs<\/strong>, which have recorded only $2.6 billion in net outflows since January. That’s a critical distinction when it comes to reading current market sentiment.<\/p>\n\n\n\n

\"Bitcoin<\/figure>\n\n\n\n

61% of Supply Unmoved for Over a Year: The On-Chain Signal That Changes Everything<\/h2>\n\n\n\n

Beyond ETF flows, it’s the on-chain<\/strong> data that’s drawing the most attention. According to Bernstein<\/strong>, 61% of Bitcoin’s circulating supply has not moved in over a year<\/strong>. This figure, widely tracked by analysts as a measure of holder conviction, suggests that a broad base of long-term holders is refusing to sell at current prices \u2014 even under pressure.<\/p>\n\n\n\n

The firm is maintaining its price target of $150,000 for 2026<\/strong>, underpinned by a structural shift in the investor base: wealth management platforms<\/strong>, pension funds<\/strong>, and sovereign wealth funds<\/strong>. Unlike retail participants, these players operate on long investment horizons and don’t react to short-term corrections. Bernstein<\/strong> had already described early 2026 as the period with the “weakest bear case in Bitcoin’s history<\/strong>“.<\/p>\n\n\n\n

That said, several headwinds continue to weigh on near-term price action. The rotation into AI<\/strong> is accelerating, with hundreds of billions being redirected toward hyperscalers and large-cap tech. SpaceX’s IPO, scheduled for June 12 on the Nasdaq at a target valuation of between $1.75 trillion and $2 trillion<\/a>, is also capturing a significant share of retail attention and liquidity. Meanwhile, Strategy<\/strong>‘s Bitcoin sales are adding further pressure on the spot market.<\/p>\n\n\n\n

The CLARITY Act: A Regulatory Catalyst to Watch<\/h2>\n\n\n\n

On the US legislative front, the CLARITY Act<\/strong> \u2014 a digital asset market structure bill that would split regulatory authority between the SEC<\/strong> and the CFTC<\/strong> \u2014 cleared a key milestone in May, passing the Senate Banking Committee with a 15 to 9<\/strong> vote. The House of Representatives<\/strong> had already passed it last July with a comfortable majority of 294 votes to 134.<\/p>\n\n\n\n

Its final passage could lift years of regulatory uncertainty that continues to hold back large-scale institutional allocations. For asset managers waiting on a clear legal framework before gaining Bitcoin exposure, this bill represents a powerful signal. Should the Senate<\/strong> pass the CLARITY Act<\/strong> in its current form, the unlocking of institutional capital could become the next major bullish catalyst for the market.<\/p>\n\n\n\n

In the meantime, Bitcoin is consolidating within a critical support zone<\/a>. Price action remains under pressure, but on-chain fundamentals and institutional positioning paint a far more nuanced picture than the price alone would suggest.<\/p>\n\n\n\n

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