Bitcoin

While mainstream media frames this as pure bullishness, the record level of allocation implies near-maximum conviction—meaning there is little dry powder left to fuel further upside. For crypto, this could mean a temporary spillover of risk appetite, but the fear-greed divergence (equities euphoria vs crypto fear at 30) suggests capital is flowing to stocks, not digital assets, reinforcing Bitcoin's current consolidation.

Bank of America survey shows fund managers increased stock allocations by a record amount this month.