The race for dominance in artificial intelligence (AI) is clearly accelerating.
While the US and China have long battled to take the lead in the sector, competition is now also heating up within US-based technology companies. The recent FUD surrounding Anthropic clearly illustrates this shift.
In this climate OpenAI’s $110 billion capital raise carries weight. It strengthens the United States’ investment capacity in AI infrastructure, a development that could indirectly put pressure on liquidity in the crypto market.
Source: Glassnode
The timing of this move in particular is particularly unfavorable for crypto.
As the chart above indicates, Bitcoin’s [BTC] The 90-day realized profit/loss ratio has fallen below 1.0, indicating that realized losses now exceed realized gains. This is a direct deterioration in investors’ net profitability.
Historically, this has been aligned with tighter liquidity, as rising losses often reduce risk appetite and limit capital inflows into the crypto market. Against this backdrop, OpenAI continues to move forward concentrates capital in technologygiving stocks a relative liquidity advantage over digital assets.
Hard data seemed to confirm this difference even further.
Despite sentiment shocks Anthropic and DeepSeek, the inflow into technology remains structurally intact. According to AMBCrypto, this structural resilience is exactly what is currently missing in the crypto market.
NVDA highlights the belief gap the crypto market faces
Nvidia plays a central role in understanding where crypto is falling behind.
As AMBCrypto highlighted, NVDA exceeded expectations in its latest fourth-quarter earnings report, with strong revenue growth. However, that fundamental strength did not fully translate into price continuity. On the charts, NVDA was down 6.65% at the time of writing, marking its weakest weekly close in almost four months.
Such a disconnect between fundamentals and price action is a setup that could trigger tactical capital rotation into crypto.
Source: TradingView (NVDA/USD)
However, according to The Kobeissi letterthe underlying demand for NVDA is anything but weak. Retail investors reportedly bought about $360 million worth of NVDA shares after the earnings release – the largest retail inflow ever during the opening session.
According to AMBCrypto, this reflects the structural divide between equities and crypto. Weak tech performance and macro FUD have not slowed capital flows into tech, supporting long-term market position.
In this context, the growing demand for NVDA is no coincidence. Instead, it’s a sign that investor conviction is flowing. It’s a divide that continues to deepen for crypto every AI-led market eventmost recently OpenAI’s $110 billion funding.
Final summary
- AI-driven capital strengthens equity liquidity and long-term positioning while putting pressure on cryptocurrencies.
- NVDA highlights the gap in investor conviction as strong demand for technology contrasts with weaker flows and sentiment in the crypto market.