比特幣（BTC）的價格低於$ 98,000，從105,000美元回顧為fomc de危險和長期清算加劇了此舉

比特幣（BTC）的價格下跌低於98,000美元，從今天低至97,750美元的$ 105,000回收，突然下降了高達-6.8％。快速拋售與加密貨幣和傳統市場的波動率更高相吻合

The price of Bitcoin (BTC) has dropped below the key psychological level of $100,000, reaching lows of $97,750 today. This marks a sharp decline of up to -6.8% from the recent highs. The rapid sell-off coincides with heightened volatility in both crypto and traditional markets, with several factors contributing to BTC's downturn.

比特幣（BTC）的價格已降至100,000美元的關鍵心理水平以下，今天的低點達到了97,750美元。與最近的高點相比，這標誌著高達-6.8％的急劇下降。快速拋售與加密貨幣和傳統市場的波動性增強相吻合，這有幾個因素導致了BTC的衰退。

Why Is Bitcoin Down Today?

為什麼比特幣今天下降？

#1 DeepSeek's Impact On Tech Markets

＃1 DeepSeek對科技市場的影響

The primary driver behind the broader risk-off sentiment appears to be the emergence of DeepSeek, a Chinese artificial intelligence (AI) platform whose swift rise and cost-effectiveness have rattled US tech giants. Renowned market commentary outlet The Kobeissi Letter posted via X:

更廣泛的冒險情緒背後的主要驅動力似乎是DeepSeek的出現，DeepSeek是一個中國人工智能（AI）平台，其迅速的上升和成本效益使美國科技巨頭震撼了。著名的市場評論渠道通過X發布的Kobeissi信件：

“Nasdaq 100 futures are now down -330 POINTS since the market opened just hours ago as DeepSeek takes #1 on the App Store. This is how you know DeepSeek has become a major threat to US large cap tech. The stock market does not lie.”

“自從市場前開放以來，納斯達克100期貨現在下降了-330點，因為DeepSeek在App Store上排名第一。這就是您知道DeepSeek已成為對我們大型CAP技術的主要威脅的方式。股市不會說謊。”

DeepSeek reportedly competes with ChatGPT yet was developed at a fraction of the cost, using less advanced hardware. Benchmark tests indicate that DeepSeek is outperforming ChatGPT in categories such as AIME, MATH-500, and GPQA, igniting concerns that the dominance of US-based AI firms could be at risk.

據報導，DeepSeek與Chatgpt競爭，但使用不太先進的硬件以一小部分成本開發。基準測試表明，DeepSeek在Aime，Math-500和GPQA等類別中表現優於Chatgpt，這引發了人們對總部位於美國AI公司的統治地位的擔憂。

The Kobeissi Letter added:“OpenAI … was valued at ~$157 BILLION in October 2024 … has ~22 TIMES more employees than DeepSeek. This is why markets have been blindsided.”

Kobeissi信中補充說：“ Openai…在2024年10月的價值約為1570億美元……員工的僱員是DeepSeek的22倍。這就是為什麼市場蒙蔽的原因。”

Traders fear that if investors pull capital out of overextended AI stocks, a broader tech sell-off could follow. This has significant implications for the Bitcoin and crypto market as well because of its correlation. “Crypto is front running as markets are closed & it’s a higher risk-beta asset class,” crypto analyst Miles Deutscher noted via X.

貿易商擔心，如果投資者將資本從過度擴張的AI股中拉出，那麼可能會隨後進行更廣泛的技術拋售。由於其相關性，這也對比特幣和加密市場具有重要意義。加密分析師Miles Deutscher通過X指出：“ Crypto在市場關閉，這是一個較高的風險β資產類別，這是較高的風險β資產類別。”

However, he sees a silver lining for Bitcoin and crypto once the AI stock boom subsides: “If DeepSeek is the knife that could (momentarily) burst the AI stock bubble, then this could actually be bullish for crypto, as liquidity rotates back. AI stocks sucked up a lot of speculative capital that previously would’ve flowed into BTC/crypto.”

但是，一旦AI股票動臂就消失了，他看到比特幣和加密貨幣的一線希望：“如果DeepSeek是可能（暫時）（暫時）破壞AI股票泡沫的刀，那麼隨著流動性旋轉，這實際上可能是對加密貨幣的看漲。 AI庫存吸收了許多投機資本，這些資本以前會流入BTC/Crypto。”

#2 Pre-FOMC De-Risking

＃2前FOMC DE風險

Another contributor to the current downswing is the commonly observed pre-FOMC market de-risking. Historically, investors recalibrate their portfolios ahead of the Federal Open Market Committee meetings, scheduled for January 28–29, 2025. Although consensus indicates that interest rates may remain unchanged, riskier assets like Bitcoin and cryptocurrencies often face sell-pressure in the lead-up to such announcements.

當前下降的另一個貢獻者是通常觀察到的前FOMC市場去風險。從歷史上看，投資者在計劃於2025年1月28日至29日舉行的聯邦公開市場委員會會議之前對其投資組合進行重新調整。儘管共識表明，利率可能保持不變，諸如比特幣和加密貨幣（例如比特幣和加密貨幣）經常在鉛中面臨賣出的風險較高的資產此類公告。

Deutscher commented:“Pre-FOMC de-risking (this is very normal, especially in an environment where we’re extremely sensitive to rates/U.S. dollar/liquidity).”

Deutscher評論說：“ FOMC前風險（這是非常正常的，尤其是在我們對費率/美元/流動性非常敏感的環境中）。

Deutscher also speculated on whether Federal Reserve Chair Jerome Powell might adopt a softer stance, given the recent transition of the US presidency: “So… if stocks are already in panic mode, is Jerome Powell really going to come out super hawkish? Right as Trump has just entered office? Idk… My prediction is that the pre-FOMC sell-off marks the local bottom.”

鑑於美國總統最近的過渡，德意志還猜測美聯儲主席杰羅姆·鮑威爾（Jerome Powell）是否會採取更柔和的立場：“所以……如果股票已經處於恐慌狀態，杰羅姆·鮑威爾（Jerome Powell）真的會出現超級鷹派嗎？正如特朗普剛剛上任一樣嗎？ IDK…我的預測是，前FOMC的拋售標誌著本地底部。”

#3 Lack Of New Price Catalyst After Trump's Executive Order

＃3特朗普執行命令後缺乏新的價格催化劑

Market participants also cite a perceived vacuum of fresh bullish news following last week’s first-ever crypto executive order by President Donald Trump. Although the order initially propelled crypto optimism, the absence of a new catalyst left traders wanting more. Deutscher referred to this as the “lack of short-term ‘north star’ after Trump’s inauguration.”

在上週唐納德·特朗普（Donald Trump）總統發出的第一個加密行政命令之後，市場參與者還引用了新的看漲新聞的感知真空。儘管該命令最初引起了加密貨幣的樂觀，但缺乏新的催化劑使交易者想要更多。德意志將其稱為“特朗普就職後缺乏短期'北極星”。

#4 Long Liquidations Exacerbating The Move

＃4長清算加劇了移動

According to Coinglass data, a flurry of long liquidations has magnified the downward price action. 313,683 traders were liquidated in the past 24 hours. Total crypto liquidations hit $853.92 million, with $795.5 million in longs.

根據Coinglass數據，一連串的長清算量擴大了下降價格動作。在過去的24小時內清算了313,683家交易者。總加密清算量達到8.539億美元，渴望為7.955億美元。

The largest single liquidation order occurred on HTX for BTC-USDT valued at $98.46 million. On the Bitcoin market alone, $250 million worth of long positions were liquidated. The surge in liquidations amplified BTC’s fall, triggering more traders to unwind positions. Analysts view these forced liquidations as both a cause and a symptom of heightened volatility.

最大的單一清算訂單發生在HTX上的BTC-USDT，價值9846萬美元。僅在比特幣市場上，就清算了價值2.5億美元的長頭寸。清算的激增擴大了BTC的跌倒，觸發了更多的交易者放鬆職位。分析師認為這些強制清算既是原因又是波動率提高的症狀。

At press time, BTC trades at $98,983.

發稿時，BTC的交易價格為98,983美元。