OpenAI locks in approximately $100B in funding, which puts an end to the bearish outlook for the entire ultra-large-scale data center industry chain. Core beneficiaries like Oracle face little short-term risk. From Abu Dhabi's recent wave of capital influx, it’s clear that the market has indeed entered a new upward cycle.

Big capital has always been highly perceptive—it focuses on the long-term certainty of AI infrastructure construction. This kind of valuation restructuring often drives a rebound in risk assets, and the crypto market is no exception. Don’t be fooled by short-term fluctuations; the current capital logic is very clear: AI computing power demand → data center expansion → surge in chip/energy demand → liquidity easing. Every link in this chain points in the same direction.