Bitcoin is trading up 0.4% to $63,712, despite Strategy selling 1,638 BTC worth roughly $105 million. Strategy's treasury now holds 842,138 BTC, resulting in an unrealized loss of $9.9 billion. However, improved market conditions, including ETF inflows and lower liquidations, are supporting Bitcoin's stability.

Analysts at Peel Hunt believe software stocks are misunderstood, arguing that artificial intelligence will not eliminate the sector. They state that software companies' value lies in human, tacit, and time-compounding factors that AI cannot replicate, suggesting potential for expansion into more complex offerings. The Stoxx Europe Total Market Software and Computer Services index rose 3.3%.

Citi analysts highlight Alibaba's cloud business and improved AI model performance as recent drivers for its shares. The new Qwen3.8-Max model shows significantly improved benchmark scores. The emergence of a "model-agnostic environment" favors companies with full-stack capabilities like Alibaba. Positive cloud revenue trends from AWS and Azure also suggest strong performance for Ali Cloud. Alibaba shares increased 7.0% to HK$125.20.