Why Bitcoin Missed Q2's Record Stock Rally

Bitcoin missed the Q2 2026 surge that lifted equities, according to the article, which contrasts record stock gains with stagnant BTC performance. It attributes the divergence to earnings-led leadership in mega-cap tech and semiconductors, while bitcoin faced structural outflows and deleveraging pressures. The piece cites U.S. spot bitcoin ETFs recording a record 13-day redemption streak into early June, with roughly $4.4 billion redeemed over 13 sessions and a small June 5 inflow that did not reverse the trend. It says sentiment turned defensive around the 60,000 area and a corporate sale by Strategy Inc. appeared in early June filings. In contrast, it notes that the S&P 500 and Nasdaq delivered double-digit quarterly gains, the biggest since 2020, driven by AI strength and semiconductors. The article links stock momentum to support from macro conditions and stable policy expectations.