Did Trump secretly buy Nvidia? But BTC is stuck at the moving average! What kind of show is the market really putting on?

Recently, financial markets are increasingly resembling a TV drama.
On one side, Trump is making large Q1 purchases of index funds and Nvidia; on the other, Bitcoin has been rebounding for a while but is firmly suppressed by the moving average.
Tech stocks are like they’re cheating, while the crypto market is like college students staying up all night before exams—appearing very diligent but in a dangerous mental state.
Many people suddenly realize a problem: now global funds are regrouping around “tech + AI + digital assets.”
Nvidia is no longer just a chip company, but more like a new era printing press.
In the AI boom, the capital market has entered a stage where “as long as it’s related to AI, valuation can take off.”
And the on-chain market is equally crazy.
Hyperliquid recently exploded in popularity, and after HYPE broke above $45, many traditional financial players started to watch.
Because they realize: on-chain finance is not just about trading coins; it’s trying to reconstruct trading rules.
Especially with the CBRS pre-pricing mechanism, many people are experiencing for the first time what it means to “抢华尔街饭碗 on the chain” (抢华尔街饭碗 literally means “snatching Wall Street’s rice bowl”).
In the past, before new stocks listed, ordinary people could only wait for institutions to take the meat; now, on-chain pre-trading expectations have started, turning the market into a “全民提前下注” (everyone betting early).
But risks are accumulating at the same time.
A mysterious address hoarding 676 BTC indicates someone is bullish; meanwhile, Multicoin transferred 150k AAVE to exchanges, indicating someone is already defending.
It’s like a group partying in a bar, while someone quietly hails a cab at the door.
On a macro level, it’s even more interesting.
More voices inside the Federal Reserve are opposing balance sheet reduction, and some openly say it’s a mistake.
When the market hears this, it immediately translates it into: “Are they about to start easing liquidity?”
And liquidity expectations are the most loved stimulant for risk assets.
The problem is, BTC still hasn’t fully broken through the technical resistance.
This means that although market sentiment is hot, the big trend has not yet been fully confirmed.
The most dangerous market condition is often not during a sharp decline, but when everyone thinks “the bull market is already secure.”
Because the market’s greatest skill is making most people hallucinate simultaneously. #Gate广场五月交易分享