The race for dominance in Artificial Intelligence (AI) is clearly accelerating.

While the U.S and China have long competed to lead the sector, competition is now intensifying within U.S-based tech firms as well. The recent FUD surrounding Anthropic clearly illustrates this shift.

In this climate, OpenAI’s $110 billion capital raise carries weight. It reinforces the United States’ investment capacity in AI infrastructure, a development that may indirectly pressure liquidity across the crypto market.

Source: Glassnode

Notably, the timing of this move is particularly unfavorable for crypto.

As the chart above indicates, Bitcoin’s [BTC] 90-day Realized Profit/Loss Ratio has fallen below 1.0, signaling that realized losses…