Bitcoin price activity stabilized below $82,000 as of Friday, following a 3.2% decline on Thursday that saw the asset drop to a low of $80,840 on Bitstamp. The cryptocurrency has been trading within a range of $80,000 to $87,000.
Market sentiment remains pressured by concerns over AI sector profitability and financing costs. Neocloud provider CoreWeave saw its shares drop 15.5% for the week, reaching its lowest point since May 2025, following a price target downgrade by Bernstein from $74 to $51.
Institutional investors are re-evaluating capital expenditure commitments in firms reliant on AI infrastructure. Nvidia CEO Jensen Huang noted a scarcity of capital impacting neocloud projects, a sentiment echoed by analysts at QCP Capital regarding the constraints on AI infrastructure expansion.
Equity markets in Asia experienced volatility, with South Korea’s KOSPI Composite Index fluctuating between 5,402 and 5,305 points on Friday. Meanwhile, US spot Bitcoin ETFs recorded net outflows of $635 million on Thursday, marking the largest single-day drawdown since late June.
Trading activity resulted in significant liquidations across the cryptocurrency market. Data from CoinGlass indicates that total liquidations reached $336 million over a 24-hour period, with long positions accounting for $281 million of that total.
