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.
