1. Why stocks are rising

Institutional demand and liquidity: Big‑cap tech and AI‑related stocks are still getting steady inflows from pension funds, ETFs, and corporate‑treasury allocations, pushing major indices higher.
Economic narrative: If markets expect the Fed to stay steady or cut rates gradually, longer‑term investors lean into “quality” equities and mega‑cap names, which can grind higher even if smaller stocks are weak.
2. Why Bitcoin appears stuck
Consolidation after ATH: After Bitcoin hits a new all‑time high, it often enters a long sideways phase as early holders take profits and institutions slowly accumulate off that selling.
Thin order book and selling pressure: Some analysts say long‑term holders (including miners and early investors) are “dumping” into ETF‑driven demand, which keeps price in a tight range instead of breaking out.