U.S. financial institution NYDIG analyzed in its quarterly report that the decline in Bitcoin is driven not by a retreat in spot demand, but by the restructuring of leverage in the futures market.
Bitcoin fell by 13.4% in the second quarter of 2026, amounting to a 32.9% decline year-to-date. During the same period, tech stocks rose by 43.5%, and the Nasdaq 100 index also increased by 27.7%, ...