Traders are rotating out of crypto and into AI-related stocks and prediction markets as Bitcoin trading activity cools, with CoinDesk reporting that BTC’s 30-day realized volatility has fallen to an annualized 42%. The shift comes as earlier market narratives tied to U.S. President Donald Trump and digital asset treasury companies lose force, while delays around the U.S. CLARITY Act have prolonged declines in trading volume and liquidity. CoinDesk said capital is increasingly moving to AI-linked equities and event-driven platforms such as Kalshi and Polymarket, where traders may see better return opportunities. The report added that exchanges and trading firms are responding by cutting costs and reducing headcount, with a cautious wait-and-see stance likely to continue until regulatory clarity improves or a new macroeconomic catalyst appears.