A whale trader closed out BTC and ETH short positions, making a profit of $1.77 million, then turned around and used $31.88 million to 10x long Microsoft and Oracle.

This is not an isolated case, but a structural signal: smart money is pulling out of the crypto market and flowing into AI-driven tech stocks.
Dan Loeb of Third Point also dismissed the AI bubble today, saying enterprise applications are just getting started, and major tech companies will spend over $1 trillion on capital expenditures next year.
Dell surged 38% after hours, and Anthropic's annual revenue skyrocketed from $14 billion to $47 billion.
The profit-making effect of the AI industry chain is drawing funds that originally belonged to crypto.
Meanwhile, Bitcoin ETFs have experienced net outflows of nearly $3 billion for ten consecutive days, and retail investor sentiment has fallen to "extreme fear."
But what we should really be cautious about is not the panic itself, but the structural shift in capital flow—when AI assets offer clearer growth narratives and cash flow returns, the stories of "digital gold" and "decentralized finance" in crypto temporarily lose their appeal.
The risk is: if the AI investment boom becomes overly concentrated, a performance shortfall could trigger a sharp correction.
In the short term, however, a turning point in capital flows has already formed, and the crypto market needs new catalysts to regain attention.
$btc #eth #defi #etf #ai