ProCap CIO Jeff Park says Bitcoin is funding the market’s next crowded trades

On June 6, the total crypto market cap fell to about $2.2 trillion, extending a sharp multi-week pullback. ProCap BTC CIO Jeff Park said the move reflects capital rotating into the market’s next crowded trades rather than a structural crypto problem, as Bitcoin outflows reached about $3.83 billion over a combined 35-day stretch.