OpenAI's Record-Breaking Capital Raise Stokes AI Competition

OpenAI's recent capital raise has sparked a new wave of competition in the Artificial Intelligence (AI) sector. The $110 billion injection has reinforced the United States' investment capacity in AI infrastructure, potentially exerting indirect pressure on liquidity across the crypto market.

The timing of this move is particularly unfavorable for the crypto market, as Bitcoin's 90-day Realized Profit/Loss Ratio has fallen below 1.0. This indicates that realized losses are now exceeding realized gains, signaling a decline in net investor profitability.

Historically, such a development has been associated with tighter liquidity in the crypto market. Rising losses tend to reduce risk appetite and limit capital inflows into digital assets.