比特幣下降到$ 97.8K，因為DeepSeek-R1提出了有關AI估值的問題

由上週的Omkar Godbole（除非另有說明），我們將比特幣高於100,000美元，為一個盤繞的彈簧，準備沿任一方向釋放能量。

Bitcoin dropped below $98,000 on Monday as market sentiment shifted in response to concerns over the impact of low-cost Chinese artificial intelligence (AI) startup DeepSeek on the U.S. AI sector.

由於對低成本中國人工智能（AI）初創企業對美國AI行業的影響的擔憂，比特幣週一下跌了98,000美元，因為市場情緒轉移了。

Bitcoin dropped to as low as $97,800 during Asian trading hours, with large sell-offs of up to 40% seen in GPU-heavy AI tokens and sell pressure also hitting GameFi assets.

在亞洲交易時間內，比特幣跌至97,800美元，大量拋售在GPU重度AI代幣中看到了40％，並且出售壓力也達到了Gamefi資產。

Nasdaq futures tanked 700 points, with shares in chipmaker Nvidia (NASDAQ:NVDA) indicated 10% lower in pre-market trading. DeepSeek-R1 is expected to reduce the costs of developing large language models by a factor of 100, raising questions on the validity of the rich valuations for AI-associated companies like Nvidia.

納斯達剋期貨（NASDAQ Futures）贏得了700點，在Chipmaker Nvidia（NASDAQ：NVDA）的股票中表示，預售交易的股票低10％。預計DeepSeek-R1將使開發大語模型的成本減少100倍，從而提高了有關Nvidia等AI-Compatied Companies的富裕估值有效性的問題。

“The problem is, few understand how DeepSeek changes things,” trader and analyst Alex Kruger noted on Twitter (NYSE:TWTR). “it's hard to quantify the issue—and when facing uncertainty, people derisk. When this happens in low liquidity conditions, the market flushes hard.”

“問題是，很少有人了解DeepSeek如何改變事物，” Trader和分析師Alex Kruger在Twitter（NYSE：TWTR）上指出。 “很難量化這個問題，並且在面對不確定性時，人們很難。當這種情況下在低流動性條件下發生時，市場就會艱難地沖洗。”

Kruger is opting not to buy the dip, telling his followers that he prefers to short positions above $100,000 as he anticipates heightened volatility from the upcoming Fed meeting and potential political maneuvering from President Donald Trump. The Fed is expected to reiterate its wait-and-see approach, maintaining its hawkish December guidance on interest rates.

克魯格（Kruger）選擇不購買蘸醬，告訴他的追隨者，他更喜歡超過100,000美元的短職位，因為他預計即將舉行的美聯儲會議和唐納德·特朗普總統的潛在政治動作會增加波動。預計美聯儲將重申其等待方式，並維持其霍克（Hawkish）12月的利率指南。

Still, all is not lost. Paul Howard, Senior Director at Wincent, told CoinDesk that institutional participation could ramp up in the coming months.

儘管如此，一切都沒有丟失。 Wincent的高級總監保羅·霍華德（Paul Howard）告訴科德斯克（Coindesk），機構參與可能會在未來幾個月內增加。

“The next wave up will likely come from organic participation from institutions in the next 3-4 months. I'd be surprised to see a sharp bounce back to all-time highs before Q2,” he said in an email.

“下一波浪潮可能來自未來3-4個月的機構的有機參與。我很驚訝地看到第一季度之前的急劇彈跳回到有史以來的高點。”他在一封電子郵件中說。

“For long-biased funds, discovering alpha in a bearish market involves seeking out low market-cap layer-1s,” he added. “The market will likely continue to favor layer-1 protocols with a focus on security and transactions per second, like SUPRA. Stay alert!”

他補充說：“對於長期偏見的資金，在看跌市場中發現阿爾法涉及尋找低市場帽1層。” “市場可能會繼續偏愛1層協議，重點是每秒安全性和交易，例如同上。保持警惕！”