Reading news on the subway over the weekend, and OpenAI’s management keeps losing another round of people.
I’m more bullish on $BTC —not because this news is so scary in itself, but because when the AI narrative gets messy, money tends to hide more eagerly in old, established things.
Over in the US stock market, the hottest two themes right now are AI and the expectation of going public.
Right before OpenAI’s listing, its top executives have been continuously shaken up; this kind of thing is most likely to discount the “high-growth imagination.”
Once money hesitates, old-school trading instruments like $BTC are more likely to catch the sentiment.
And the market action is cooperating, too—$BTC is still hovering around 63110, barely down over the past 24 hours. The volatility is only grinding in the range of 62968 to 63390.
But the derivatives side has already run up to 7.3x of spot, and the funding rate is only +0.0054%, which suggests someone is positioning early in the venue, but it hasn’t gotten hot enough to be overheated.
There are still 111430 units of $BTC positions sitting there as open interest. Everyone in the discussion section is talking about the personnel changes at AI companies, but I actually think crypto will get a bite of a “flight from overvaluation” rotation.
If the AI narrative is fixed right away, I’ll admit it.
But at a timing like this, would you first go catch the new story with management-noise risk, or would you first hold on to old chips like $BTC ?
If you lose, don’t cue me; if you win, buy me a coffee.
$BTC #BTC走势分析 #AI加密
I’m more bullish on $BTC —not because this news is so scary in itself, but because when the AI narrative gets messy, money tends to hide more eagerly in old, established things.
Over in the US stock market, the hottest two themes right now are AI and the expectation of going public.
Right before OpenAI’s listing, its top executives have been continuously shaken up; this kind of thing is most likely to discount the “high-growth imagination.”
Once money hesitates, old-school trading instruments like $BTC are more likely to catch the sentiment.
And the market action is cooperating, too—$BTC is still hovering around 63110, barely down over the past 24 hours. The volatility is only grinding in the range of 62968 to 63390.
But the derivatives side has already run up to 7.3x of spot, and the funding rate is only +0.0054%, which suggests someone is positioning early in the venue, but it hasn’t gotten hot enough to be overheated.
There are still 111430 units of $BTC positions sitting there as open interest. Everyone in the discussion section is talking about the personnel changes at AI companies, but I actually think crypto will get a bite of a “flight from overvaluation” rotation.
If the AI narrative is fixed right away, I’ll admit it.
But at a timing like this, would you first go catch the new story with management-noise risk, or would you first hold on to old chips like $BTC ?
If you lose, don’t cue me; if you win, buy me a coffee.
$BTC #BTC走势分析 #AI加密