As tech stocks, and particularly semiconductor companies, lose their luster, Bitcoin is benefiting from a capital rotation movement. A phenomenon that could mark a structural shift in institutional investors’ allocation.
Tech’s Rebound Loses Steam
After an exceptional 2025 for semiconductor stocks — driven by demand for AI and data centers — the sector is showing signs of exhaustion. Tech indices have fallen several points in July, while Bitcoin has crossed the $62,098 threshold, up +0.85% over 24 hours.
This decoupling between tech and crypto is no coincidence. Several Wall Street analysts note that institutional investors are reallocating part of their positions from semiconductors to Bitcoin and Ethereum, attracted by more appealing valuations after the crypto market correction.
A Macro Context Favorable to Rotation
Recent macroeconomic data supports this thesis. U.S. employment figures for June — only 57,000 jobs created — have strengthened expectations of a more accommodative Fed. Fed Chair Kevin Warsh confirmed that inflation risks are receding, paving the way for rate cuts.
Ethereum was trading at $1,735 (+2.16%), while Solana reached $81.63, with a +12.04% performance over 7 days. All three major assets are rising in unison, confirming the hypothesis of a macro rotation rather than an isolated rebound.
A Historical Phenomenon
This rotation from semiconductors to crypto echoes patterns observed in 2020-2021, when tech stocks began to underperform while Bitcoin started its rally toward $60,000. “The difference today is the presence of spot Bitcoin ETFs,” notes a Bloomberg analyst. “Institutions can now gain exposure to BTC without custody or compliance constraints.”
Bitcoin ETF flows confirm this: $221 million in net inflows, the best day since May, following a 10-day streak of outflows. A powerful signal that institutions are returning to the market.
What Consequences for Investors?
If this rotation continues, Bitcoin could keep outperforming tech stocks in the coming months. Analysts estimate that BTC could test $70,000 if ETF flows hold up and the Fed begins cutting rates. Ethereum and Solana, more volatile, could benefit from an even more pronounced catch-up effect.
Investors are nonetheless advised to remain cautious: the Fear & Greed index remains at 21/100 (Extreme Fear), and volatility could resurface at any moment.
DailyCryptoNews provides information, analysis, and educational content. No published content constitutes investment advice, a financial recommendation, or a solicitation to buy or sell any asset.
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