Bitcoin could decline toward $65,000 if losses in AI and semiconductor stocks trigger broader portfolio liquidations, according to Russell Thompson, Chief Investment Officer of Swedish crypto firm Hilbert Group. A break below the key trendline support at $71,900 would shift focus to $65,000, with limited technical support around the $70,000 psychological level. Bitcoin is currently trading near $74,200. The warning follows approximately $1.2 billion in net outflows from Bitcoin ETFs last week, alongside rising demand for downside protection in the options market. Despite the bearish short-term outlook, Thompson expects capital exiting AI and tech stocks will ultimately fuel a crypto recovery. He noted that Bitcoin's previous peak coincided with capital flowing from crypto into AI and tech equities, suggesting a potential reversal as investors unwind positions. The market currently prices a 77% probability of a Federal Reserve rate hike in December.