Here’s why OpenAI’s $110B raise is a major headwind for crypto

ambcryptoPublished on 2026-02-28Last updated on 2026-02-28

Abstract

The race for AI dominance is accelerating, particularly among U.S. tech firms, as illustrated by recent FUD surrounding Anthropic. OpenAI’s $110 billion capital raise reinforces U.S. investment in AI infrastructure, which may indirectly pressure liquidity in the crypto market. This comes at an unfavorable time for crypto, as Bitcoin’s 90-day Realized Profit/Loss Ratio has fallen below 1.0, indicating that realized losses exceed gains—a sign of deteriorating investor profitability and tighter liquidity. Historically, such conditions reduce risk appetite and limit capital inflows into crypto. Meanwhile, capital continues flowing into tech equities, giving them a structural liquidity advantage over digital assets, a resilience currently absent in crypto markets.

The race for dominance in Artificial Intelligence (AI) is clearly accelerating.

While the U.S and China have long competed to lead the sector, competition is now intensifying within U.S-based tech firms as well. The recent FUD surrounding Anthropic clearly illustrates this shift.

In this climate, OpenAI’s $110 billion capital raise carries weight. It reinforces the United States’ investment capacity in AI infrastructure, a development that may indirectly pressure liquidity across the crypto market.

Notably, the timing of this move is particularly unfavorable for crypto.

As the chart above indicates, Bitcoin’s [BTC] 90-day Realized Profit/Loss Ratio has fallen below 1.0, signaling that realized losses are now exceeding realized gains. This is a direct deterioration in net investor profitability.

Historically, this has aligned with tighter liquidity, as rising losses tend to reduce risk appetite and limit capital inflows into the crypto market. Against this backdrop, OpenAI’s move further concentrates capital in tech, giving equities a relative liquidity edge over digital assets.

In fact, hard data seemed to confirm this divergence further.

Despite sentiment shocks tied to Anthropic and DeepSeek, inflows into tech remain structurally intact. According to AMBCrypto, this structural resilience is precisely what is currently absent in the crypto market.

Related Questions

QWhy is OpenAI's $110 billion capital raise considered a major headwind for the crypto market?

AIt reinforces U.S. investment capacity in AI infrastructure, which may indirectly pressure liquidity across the crypto market by concentrating capital in tech and giving equities a relative liquidity edge over digital assets.

QWhat does Bitcoin's 90-day Realized Profit/Loss Ratio falling below 1.0 indicate?

AIt signals that realized losses are now exceeding realized gains, indicating a direct deterioration in net investor profitability.

QHow have historical trends linked the Realized Profit/Loss Ratio to crypto market liquidity?

AHistorically, a ratio below 1.0 has aligned with tighter liquidity, as rising losses reduce risk appetite and limit capital inflows into the crypto market.

QWhat does the article suggest about capital flows into tech compared to crypto currently?

ADespite sentiment shocks, inflows into tech remain structurally intact, a resilience that is currently absent in the crypto market.

QWhat broader competitive shift does the article highlight beyond just U.S.-China rivalry in AI?

ACompetition is now intensifying within U.S.-based tech firms themselves, as illustrated by the recent FUD surrounding Anthropic.

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