Recently, the cryptocurrency market has shown a significant divergence from the traditional financial markets, attracting widespread investor attention.

Bitcoin (BTC), after failing to break through the $116,000 level, experienced a clear pullback. As of press time, the BTC price has fallen to $112,389, erasing nearly two days of gains. Meanwhile, Ethereum (ETH) also failed to hold the key psychological level of $4,000. Overall, mainstream cryptocurrencies have generally declined by 1% to 3% in the past 24 hours, and market sentiment has become more cautious.

In stark contrast, the US stock market has been thriving. Driven by improved US-China relations, expectations of interest rate cuts, and positive news from tech giants, the three major indices have all reached record highs. Notably, NVIDIA announced a collaboration with the US Department of Energy to develop seven AI supercomputers, which has ignited enthusiasm for tech stocks and attracted substantial capital inflows.

The next 48 hours are dubbed by industry insiders as "Super Thursday," which could trigger larger market fluctuations. The Federal Reserve's interest rate decision will be announced early in the morning, and investors will look for clues about the future rate cut process. Additionally, several US tech giants will release earnings reports, which could serve as triggers for significant market volatility.

In the face of the current market situation, investors cannot help but ask: where is the capital flowing? Are some funds temporarily withdrawing from the more volatile crypto markets and shifting into traditional stocks to seek more stable returns and potential profits from AI concepts?

In this market environment, investors need to adopt cautious strategies. Should they buy BTC and ETH at current prices or wait until after the Federal Reserve meeting results? Regardless, maintaining vigilance and flexible investment thinking is crucial in this uncertain market.