Glassnode: Bitcoin was snubbed during the capital rotation period, and venture capital continued to pour into US stocks and AI assets

Comparing news, Glassnode published an article stating that while the US consumer confidence index recently fell to a record low, the US stock market continued to reach new historical highs, and there was a clear contrast between market sentiment and asset performance. Weak consumer confidence is accelerating the flow of capital from cash assets to stocks, artificial intelligence (AI) related assets, and commodities, and investors are seeking higher returns by allocating risky assets.

Notably, Bitcoin was clearly snubbed in this round of funding rotation. Although stocks, AI, and commodities continue to attract capital inflows, Bitcoin has not benefited at the same time, indicating that current market capital allocation is still mainly focused on traditional risk assets and AI topics, and BTC's participation in this round of asset rotation is relatively limited.