$BROCCOLIF3B$CRM jumped 35.9% in a month. With both DCF and price-to-earnings metrics still indicating undervaluation, this isn’t an individual-stock story—it’s a mirror of liquidity logic. The Fed’s rate-cut expectations keep swinging back and forth; the US dollar index at high levels has become “dull.” Institutional funds are migrating from defensive software stocks to the AI narrative. The same “valuation anchor failure” phenomenon is also playing out in the crypto market: BTC $78,100 is consolidating, the altseason is late, and at the core it’s the same batch of macro capital waiting for a clear signal. The transmission path is straightforward: if US AI leaders like CRM/ORCL continue to siphon liquidity, overflow in risk appetite will hit BTC first, then high-beta altcoins. But note that institutions currently favor a “certainty premium”—CRM’s AI product deployment can tell a story, while most alt projects don’t even have revenue. This means that even if US stocks make new highs, capital may only linger in BTC rather than casting a wide net. Viewpoint: If within the next two weeks Fed officials release dovish signals, BTC could break $80,000 with increased volume; then CRM’s “undervaluation correction” would resonate with the crypto market, and the window for broad altcoin catch-up would open. Conversely, if rate expectations tighten, a CRM pullback could drag BTC back to test the $75,000 support. Which do you trust more: that the AI narrative can drive crypto risk appetite, or waiting for the real rate-cut confirmation before getting on board? See you in the comments.