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BTC and ETH are effectively flat while SOL is weaker, so I would not read today’s tape as a broad crypto risk-on move. BTC holding near $63K shows relative resilience, but without participation beyond the majors, this looks more like defensive consolidation than the start of a clean breakout. The stronger macro signal is still concentrated in equities, where AI infrastructure, chip capex and the S&P 500 are commanding attention. Until that enthusiasm begins to lift higher-beta crypto assets, I would treat BTC strength as selective demand, not proof that liquidity has turned decisively expansionary. Just my read, not advice.