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Paul Atkins stated that US cryptocurrency builders are not lacking in ambition or capital, but rather in a regulatory environment willing to support innovation. (Cointelegraph)

In the bank's more optimistic scenario, hyperscale cloud service providers, AI model developers, and enterprise clients enhance their ability to monetize AI investments, thereby driving stronger revenue and profit growth. A less favorable outcome would be that semiconductor companies continue to outperform, but at the expense of their largest customers (including hyperscale cloud service providers and AI model developers). Although the bank acknowledges these risks, it states that its core view remains aligned with the more optimistic scenario.

According to Odaily, CryptoQuant stated that the amount of Bitcoin, Ethereum, and altcoins flowing into exchanges has recently risen significantly. Historically, this pattern often signals that the crypto market is about to enter a period of higher volatility. Julio Moreno, Head of Research at CryptoQuant, pointed out that on June 30, the number of Bitcoin flowing into exchanges was close to 49,000 BTC, which is an exceptionally rare and extreme level. There have only been four similar single-day deposit peaks of nearly 50,000 BTC earlier this year, and these peaks were typically followed by a dramatic increase in price volatility and clear directional trends. The report believes that, given the current inflow levels, the market is absorbing a large amount of Bitcoin being transferred to exchanges. As transfers into exchanges usually imply potential selling pressure, position adjustments, or increased demand for derivatives margin, this could trigger more severe price volatility. CryptoQuant also pointed out that the number of Ethereum and altcoins flowing into exchanges is also rising, indicating that the pressure is not limited to Bitcoin, but is spreading to the broader crypto asset market. Overall, the surge in exchange deposits may signal that there will soon be larger short-term market moves.