U.S. stocks S&P 500 and NASDAQ hit new highs again, with the semiconductor index rising five consecutive days, and Micron surged nearly 20%. Bitcoin fluctuated around 77K, showing weak rebound, with $278 million liquidated in the past 24 hours.


Peaceful expectations and the AI boom pushed up traditional risk assets, but the crypto market failed to keep up. Funds continued to flow out of ETFs, with a net outflow of $1.47 billion last week, reaching a new high in 2026. Institutions are reallocating positions rather than increasing holdings.
Bitcoin's fragile rebound is driven by leverage, with spot demand diverging.
The decoupling of U.S. stocks and crypto reflects that the latter is losing its narrative support as a liquidity premium. When macro funds choose AI and semiconductors, crypto needs to find its own structural narrative instead of waiting for U.S. stocks to lead.
$btc #defi #ETF #ai #Blockchain
SPX-0.47%
NAS1001.12%
BTC-1.44%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments