Bitcoin Maximalists See Price Crash as Temporary Liquidity Crunch

Bitcoin's recent price crash has left many investors worried about its future prospects. However, a group of prominent advocates, known as maximalists, believes that the slump is not a sign of weakness in the cryptocurrency itself, but rather a result of capital being diverted to artificial intelligence (AI) projects.

According to Mati Greenspan, a market analyst and founder of Quantum Economics, the price drop can be attributed to AI's dominance as a speculative asset. He noted that the record-breaking outflows from U.S. spot bitcoin ETFs, totaling $3.45 billion over 11 consecutive sessions, are a reflection of investors' growing interest in AI-related equities.

Greenspan argued that this rotation is temporary and that bitcoin's long-term fundamentals remain intact. He suggested that the current consolidation phase could serve as an accumulation zone if underlying network fundamentals hold.