Bitcoin has fallen to its lowest level since February, reaching $65,385, a 2.3% decline, as reported on June 3rd. The cryptocurrency market is experiencing a liquidity rotation, with funds moving towards other asset classes, including high-profile IPOs like SpaceX, OpenAI, and Anthropic. This shift is drawing attention away from cryptocurrencies, impacting Bitcoin's price. QCP Capital highlights that the stock market's strong performance is attracting both crypto-native investors and traditional asset managers. BTIG's Jonathan Krinsky notes that Bitcoin must maintain support around $65,000 to avoid testing the year-to-date low of $60,000. QCP anticipates initial support between $63,000 and $64,000, with potential further declines to $62,000 and $58,000 if these levels are breached.