Lekker Capital CIO Thompson stays bearish on bitcoin, flags liquidity and tech divergence

Bitcoin is still flashing warning signs and Lekker Capital remains firmly bearish on crypto heading into the summer, according to CoinDesk, citing CIO Quinn Thompson. He pointed to structural headwinds including digital asset treasury (DAT) concerns, unresolved questions about Strategy's preferred stock STRC, and quantum computing risks to Bitcoin’s security model, alongside weakening liquidity and heavy selling pressure. Thompson also warned blockbuster IPOs such as SpaceX, Anthropic and OpenAI could absorb trillions of dollars, draining liquidity and pressuring both AI leaders and broader markets.