Nvidia’s strong performance hasn’t pushed the stock price up— the AI narrative has been played out; whether BTC will break through the $80K level or not depends on where institutional money is flowing from.

Wintermute attributes the macroeconomic environment improvement to falling Brent crude oil prices, declining 10-year U.S. Treasury yields, new highs in U.S. stocks, and easing inflation pressures; however, consumer confidence hits a new low, short-term inflation expectations rise, manufacturing PMI increases but costs also rise. The Federal Reserve minutes suggest further tightening if inflation remains stubborn. Nvidia's strong earnings report was met with a muted response, as AI has already been priced in; if momentum weakens, risk assets may come under pressure. BTC is around 75,000-76k, ETH approximately 2,140, institutional funds are shifting towards AI stocks; if support levels are broken or it retraces to 70,000-72k, there is still a chance to hold steady and push towards 80k.