Wall Street's heavyweight players just delivered solid earnings surprises. Goldman Sachs and Morgan Stanley both crushed expectations with investment banking divisions firing on all cylinders—deal-making revenue hitting new highs across M&A and capital markets advisory.

What does this signal? When mega-cap banks rake in serious cash from deal flow, it typically means institutional capital is moving and risk appetite is heating up. This kind of activity often precedes broader market expansions, and it usually ripples across all asset classes including digital assets.

Earnings season is just warming up, so watch how other financial giants report. Their guidance and deal pipelines will tell you a lot about where capital flows are heading next quarter.