OpenAI's $110 billion raise seen diverting capital to stocks, weighing on crypto

According to AMBCrypto, OpenAI's $110 billion fundraise lands amid intensifying AI competition and could concentrate liquidity in equities just as Bitcoin's 90‑day realized P/L ratio slipped below 1.0, per Glassnode. The Kobeissi Letter said retail bought about $360 million of NVDA after earnings, even though the stock was down 6.65% on the week, highlighting a conviction gap versus crypto.