Bitcoin (BTC) fell below $75,000 in Wednesday morning trading after spot BTC exchange traded funds showed seven straight days of outflows. Crypto analyst Ted Pillows said investor hunger for artificial intelligence is pushing liquidity away from digital assets.

Bitcoin dropped over 4% to $74,700 in 24 hours. It was Stocktwits’ top cryptocurrency ticker. Retail sentiment toward the pinnacle cryptocurrency on the site plummeted to ‘bearish’ with ‘normal’ discussion.

Bitcoin ETFs lost $1.88 billion in the preceding week, lowering net assets below $100 billion. Tuesday’s $1.29 billion dark pool block trade in BlackRock’s iShares Bitcoin Trust (IBIT) was one of the largest Bitcoin ETF transactions ever.

After rising last week, the cryptocurrency ‘Fear & Greed’ Index fell back into ‘Extreme Fear’. The euphoria over AI listings is now seen as a direct rival for speculative capital in cryptocurrencies and high-growth technology trades.